Loading…
Field Advisor discussed how a cool, wet spring in Illinois is delaying field work and soybean planting, following a similar 2018 pattern with snow in April. Growers are advised to avoid planting into unfavorable soils while preparing corn fields first.
Cool, wet conditions that delay soybean planting can shift acreage between corn and beans and raise planting risk, a modest supportive factor for soybean and meal prices.
fieldadvisor.orgJason CarrMar 25, 2019After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 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.
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.
