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A DTN farmer series wrap-up describes a 2019 season disrupted by flooding, freezing and late-fall snow. Harvest was stalled in parts of the Midwest, with a light-rain and dry week forecast followed by a wintry mix the following week.
Late harvest and wet conditions delay crop movement and drying costs, but the qualitative farmer feedback alone does not shift supply estimates materially.
proag.comNov 14, 2019After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
