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The WMO says 2019 is on course to be the second or third warmest year on record and that the 2010-2019 decade was exceptionally hot. Global average temperature for January to October was about 1.1 degrees Celsius above pre-industrial levels.
The report also notes record CO2 concentrations and accelerating sea level rise.
This is a climate summary without a specific crop or supply event, so it has little direct effect on feed grain or meal prices.
public.wmo.intDec 2, 2019After 3,207 past report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, SOY moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, WHEAT moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 349 past report events, PALMOIL moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.
