Loading…
Bomb cyclone and Missouri River floods destroy stored grain and lead to record prevented planting in 2019.
WikipediaAfter 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.
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.
The mid-March 2019 bomb cyclone and Missouri River flooding destroyed on-farm stored grain and raised fears of delayed US planting, a supply shock that plausibly lifted corn futures on the same day.
The mid-March 2019 bomb cyclone and Missouri River flooding destroyed on-farm stored grain and raised fears of delayed US planting, a supply shock that plausibly lifted corn futures on the same day.
Mid-March 2019 Midwest flooding from the bomb cyclone destroyed stored grain and raised concerns about delayed planting and reduced US corn supply, plausibly driving the 2.2% rally on the next trading session, though the event's 'record prevented planting' outcome emerged later so the date match is partial.
