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The U.S. Climate Prediction Center's March Monthly Drought Outlook says precipitation is expected in the Pacific Northwest and parts of central and southern California over the next week, but amounts may not overcome long-standing dryness. Farmers in areas near Santa Barbara and San Luis Obispo are already supplementing feed stocks after an abnormally dry January and February.
Dryness in California rangeland forces early feed supplementation, which can lift local demand for hay and feed grains and marginally support feed prices in the West.
cpc.ncep.noaa.govMar 1, 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.
