Loading…
A University of Nebraska drought newsletter reports that U.S. drought coverage hit a record low of 2.4% on May 14, 2019. Alaska experienced its first extreme drought, and the Southwest monsoon was weak.
Low drought coverage in 2019 meant limited weather stress on crops, which is a background factor rather than a current price driver.
digitalcommons.unl.eduCory MattesonJan 1, 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.
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.
