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The Illinois State Climatologist reports October 2019 was highly variable, with record early heat followed by record late cold. The statewide October precipitation total was about 2 inches above normal, making the month considerably wetter than usual.
Excess October rainfall and early cold slowed fieldwork and drying, which can delay harvest and raise drying costs for Illinois corn and soybeans.
stateclimatologist.web.illinois.eduNov 1, 2019After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
