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The Climate Prediction Center's February 2021 Monthly Drought Outlook keeps existing drought in the Northeast, including small areas in northern New York and Vermont, unchanged. La Nina is likely to persist through the Northern Hemisphere winter and has about a 55% chance of continuing into April to June.
The outlook covers a small, mostly non-agricultural area of the Northeast and has little direct effect on feed grain supply. The La Nina signal is relevant to spring weather risk in the major crop regions.
cpc.ncep.noaa.govFeb 1, 2021After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.
