# Favorable Growing Season Forecast - ProAg

> Mid-April forecast updates from NOAA and other sources point to no major threat to U.S. summer crops in 2020. The outlook favors normal to below-normal temperatures and above-normal Midwest precipitation, with no clear El Niño or La Niña signal.

- Date: 2020-04-20 · published 2020-04-20T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A benign summer outlook lowers the risk premium in corn and soybean prices, which points to softer prices unless the weather turns.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-23 | [Favourable growing conditions forecast for major ag regions - Grainews](https://feedsoft.ai/events/54994-favourable-growing-conditions-forecast-for-major-ag-regions-grainews.md) | -1.0% | -1.5% |
| CORN | 2024-02-08 | [Warmer, wetter weather ahead for growing season](https://feedsoft.ai/events/13211-warmer-wetter-weather-ahead-for-growing-season.md) | -1.4% | +1.6% |
| CORN | 2019-03-15 | [El Nino Odds Favorable Through the Summer - ProAg](https://feedsoft.ai/events/60009-el-nino-odds-favorable-through-the-summer-proag.md) | +4.2% | -1.8% |
| CORN | 2018-10-16 | [IRI Forecast Promising for South America](https://feedsoft.ai/events/62373-iri-forecast-promising-for-south-america.md) | -2.7% | -6.7% |
| CORN | 2024-07-17 | [La Nina Could be Positive for 2024/25 Growing Season in Brazil](https://feedsoft.ai/events/13558-la-nina-could-be-positive-for-2024-25-growing-season-in-brazil.md) | +2.6% | -1.3% |
| SOY | 2020-01-23 | [Favourable growing conditions forecast for major ag regions - Grainews](https://feedsoft.ai/events/54994-favourable-growing-conditions-forecast-for-major-ag-regions-grainews.md) | -2.3% | -2.3% |
| SOY | 2024-02-08 | [Warmer, wetter weather ahead for growing season](https://feedsoft.ai/events/13211-warmer-wetter-weather-ahead-for-growing-season.md) | -1.6% | -2.7% |
| SOY | 2019-03-15 | [El Nino Odds Favorable Through the Summer - ProAg](https://feedsoft.ai/events/60009-el-nino-odds-favorable-through-the-summer-proag.md) | +2.4% | +0.6% |

## Sources

- proag.com: https://www.proag.com/news/favorable-growing-season-forecast/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.