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An AgEcon analysis says the Southern Annular Mode is expected to dip negative and then return near neutral in the coming weeks, and it is unlikely to affect Australian climate in that period. The piece notes that a negative SAM typically brings dry westerly conditions to eastern Australian cropping areas, and that growers should monitor it during planting.
Limited expected SAM influence means no strong near-term signal for eastern Australian grain or cotton crops, so there is little price impact.
agecon.com.auJon WelshJan 15, 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.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
