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Illinois farmers are facing more extreme wet springs, as in 2019 and 2020, and planting decisions have become harder. Coles County growers planted early in April when soil moisture was ideal.
Heavy mid-May rain then hit newly emerged corn and soybeans, with 2.5 inches falling on one farm.
Wet spring conditions and replant decisions can delay crop development and affect yields. The effect on prices is modest unless the wet pattern spreads across major production areas.
farmprogress.comAustin KeatingMay 27, 2020After 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.
