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Brownfield meteorologist Greg Soulje says dryness and drought persist across the Western Corn Belt and Northern Plains, with extreme drought in the Dakotas. He expects the dry pattern to continue and says conditions will still allow early fieldwork.
Persistent dryness in key northern production areas raises the risk of lower corn and soybean yields, which can support feed grain prices.
brownfieldagnews.comApr 8, 2021After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
