
DTN's year-end review attributes lower-than-expected 2020 U.S. crop production to drought, the August 10 derecho windstorm and a La Nina pattern that formed in midsummer. Heavy snow and wet soils also cut North Dakota harvested corn acreage by 43% versus 2019.
Lower-than-projected U.S. output tightened corn and soybean supplies, supporting prices and raising feed costs for buyers.
After 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.