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The University of Florida Panhandle Agriculture site summarizes May 2019 weather, which was drier and hotter than normal, with most of the Panhandle in abnormally dry or moderate drought. Records were set for low January-May rainfall at Marianna.
Drought in the Florida Panhandle and Peanut Belt is a local issue with limited effect on global feed prices, though it reduces regional crop potential.
nwdistrict.ifas.ufl.eduDoug MayoJun 7, 2019After 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.
