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A Florida Panhandle agriculture summary says 2019 was the hottest year on record in the Hurricane Michael impact zone and was abnormally dry in the second half of the growing season. Rainfall totals in the region were below average across six FAWN stations, averaging 11 inches under normal.
The regional drought affects local Florida crops and forages only, with negligible effect on national or world feed grain supply and prices.
nwdistrict.ifas.ufl.eduDoug MayoJan 31, 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.
