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The Illinois State Climatologist reported that April 2021 averaged 52.1 degrees, 0.5 degrees above normal, with total precipitation of 3.16 inches, 1.08 inches below normal. Temperatures swung sharply during the month, and the state was dry.
A dry April in Illinois adds to early-season moisture concerns for corn and soybean planting, though one month of data is a minor price driver.
stateclimatologist.web.illinois.eduMay 1, 2021After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
