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Illinois ended April colder and wetter than average, with a statewide mean temperature of 49.2 degrees, 3.4 degrees below normal. Precipitation totaled 4.36 inches, 0.58 inches above normal.
Cold snaps mid-April followed warm early-April days.
Cold, wet conditions slow planting progress and can raise replant risk. This modestly supports corn and soybean prices.
stateclimatologist.isws.illinois.eduTrent FordMay 4, 2020After 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.
