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NOAA's Climate Prediction Center forecasts at-or-below-normal spring temperatures for the Northern Plains and northern Midwest, with above-normal precipitation from the Northern Plains to the Ohio Valley. The forecast reflects residual La Niña effects, and planting delays are possible in the Midwest.
A cool, wet spring could delay corn and soybean planting, which tends to support prices by raising concerns about acreage and early yield potential.
dtnpf.comBryce AndersonMar 16, 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.
