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Commstock Investments' Matthew Kruse reports on a weather outlook webinar with Eric Snodgrass. Parts of the Dakotas had heavy snowfall, the Southeast has seen many severe storms, and Minnesota is getting repeated heavy rain deluges.
Wet spring conditions in key areas could delay planting and cut yields, which is a mild bullish factor for corn. The outlook is still early and uncertain.
farmprogress.comMatthew KruseApr 3, 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.
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.
