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Blue Water Outlook's John Feldt, speaking at the Kansas Corn Symposium, says Kansas lacks the soil moisture surplus it needs, with central and southwest regions in extreme drought. He links the La Niña pattern to dry conditions across the southwest and south-central US.
Extreme drought in Kansas threatens hard red winter wheat and sorghum yields, which supports wheat and feed grain prices if dryness persists into spring.
hpj.comHPJ StaffJan 31, 2018After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 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.
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.
