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Ohio State climate specialist Aaron Wilson says Ohio is on track for its third-wettest year on record in 2018. Heavy September and November rains delayed corn and soybean harvests, which in some parts of the state continued into December.
Harvest delays and wet-weather drying costs can slow grain movement and raise handling costs, modestly supporting local cash basis for corn and soybeans.
farmprogress.comDec 21, 2018After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 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.
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.
