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NOAA NCEI has introduced a new set of ENSO Climate Normals for the contiguous US that account for El Niño and La Niña impacts and climate change. The averages are published in the Journal of Applied Meteorology and Climatology and are intended as a benchmark for planning across many sectors.
This is a methodological climate-reference update with no direct effect on current crop supply or prices. It has minimal impact on feed-buyer procurement decisions.
ncei.noaa.govAug 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, Soybeans 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 (SRW) 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, Palm Oil 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.
