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The Journal reports NOAA's 70% chance of El Niño forming this fall, which could bring return of moisture to Southwest Colorado after a severe La Niña-driven drought. The region has been in exceptional drought since April.
This is a regional drought story with limited direct effect on feed-grain prices, since the affected area is small and the outlook remains a forecast.
the-journal.comJonathan RomeoJul 25, 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.
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.
