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Iowa climate experts expect a warmer and drier than average growing season for much of the upper Midwest, following a dry 2020 in which statewide precipitation was 6.2 inches below normal. The National Integrated Drought Information System classified 52 percent of Iowa as abnormally dry.
Expected dryness in Iowa, the largest corn-producing state, raises weather risk premium for the coming crop and could support corn and soybean prices if the outlook holds into summer.
iasoybeans.comIowa Soybean AssociationMar 9, 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.
