Loading…
Peterson Farms Seed agronomist Rick Swenson says drought is not a major concern across much of the Upper Midwest because the previous three years were very wet. Drought-like conditions did develop in parts of the Dakotas in late summer.
Swenson says a dry spring would help timely planting.
Limited drought risk in the Upper Midwest reduces the weather premium on corn and soybeans for 2021. Dry conditions in the western U.S. remain a watch item.
brownfieldagnews.comMark DorenkampJan 25, 2021After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
