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Creighton professor emeritus Art Douglas says several models show El Niño peaking, cooling into summer and neutral by late summer or fall. He expects a mild spring for the US with reduced planting delay risk and good rains across much of the country.
A mild spring with reduced planting delay risk supports timely US planting and bearish corn and soybean price sentiment, while the Western US dryness and cattle-region rainfall shape forage and feed costs.
wylr.netMar 22, 2019After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 20 past neutral weather events, Live Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.3% to +1.2%), and +3.0% 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.
