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Kansas State's August outlook expects fall temperatures to be warmer than normal with near to slightly below normal precipitation. ENSO-neutral conditions are forecast to shift toward La Niña, which is often a dry pattern for Kansas.
A dry fall outlook for Kansas mainly affects winter wheat planting moisture, which can support hard red winter wheat prices if dryness persists.
eupdate.agronomy.ksu.eduAug 7, 2020After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
