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Red River Farm Network reported on April 29, 2020 that the Northern Plains should have a decent planting window, without the big systems expected to keep fields wet for days. Meteorologist Eric Snodgrass said a late-developing La Niña could bring a dry end to summer, which would help harvest.
A favorable planting window reduces the risk of delayed planting in Northern Plains spring crops, which is mildly bearish for prices, but the effect is modest this early in the season.
rrfn.comCarah HartApr 29, 2020After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
