Loading…
A Florida Panhandle Q1 2019 weather summary says the state received well below average rainfall through the first quarter, while parts of North Alabama, Georgia and Tennessee were well above normal. The article also gives a Q2 outlook based on ENSO phases.
Localized dryness in Florida and the Panhandle has little effect on national grain supply or prices. It is a regional weather review with no clear price signal.
nwdistrict.ifas.ufl.eduDoug MayoApr 5, 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.
