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A DTN column reviews the latest U.S. Climate Assessment, which reports rising precipitation and heavier rain events across much of the northern and eastern U.S. It links this to the wet 2018 season, which delayed corn and soybean planting across the western and northern Midwest.
Persistent heavy rain and planting delays point to yield and quality risk for the 2018 crop and possibly future seasons. The column is commentary on past conditions, so its price effect is limited.
dtnpf.comBryce AndersonJan 1, 2019After 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.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
