Loading…
Successful Farming reports that Corn Belt soils remain wet because the region lacked a deep freeze, with 2019 the second-wettest year on record and five Midwest states setting wettest-year records. Iowa State climatologist Dennis Todey says the flooding risk before spring planting is still there.
Wet soils raise the risk of planting delays and reduced acreage for the 2020 crop, which could support corn and soybean prices later in the spring.
agriculture.comTrevor HolbrookFeb 18, 2020After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
