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Feedstuffs reports that La Niña is expected to bring the Corn Belt good moisture and near-normal temperatures in the 2020 growing season. The outlook is based on the expected reversal of the prior weather pattern.
Favorable moisture expectations for the Corn Belt ease fears of drought-related yield losses, which is mildly bearish for corn and soybean prices.
feedstuffs.comKrissa WelshansFeb 10, 2020After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), 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.
