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The Illinois State Climatologist reports that November 1-16 was 1.4 degrees below normal statewide. It expects a wetter-than-normal winter and spring for Illinois, with a higher chance of a warmer spring in central and southern parts of the state.
December has no clear signal.
A wetter winter and spring could delay spring fieldwork in Illinois, a key corn and soybean state, and add some planting-season risk. The forecast is only a modest tilt, so the price impact is limited.
stateclimatologist.isws.illinois.eduJim AngelNov 17, 2017After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
