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Winfield United agronomist Andy Schmidt told Brownfield at the NAFB Convention that weather was a major factor in U.S. crop production in 2018. He said extremes in heat and moisture caused variability across the Midwest.
Weather-driven yield variability adds uncertainty to feed grain supply and can support corn and soybean meal prices through the marketing year.
brownfieldagnews.comMark DorenkampNov 12, 2018After 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.
