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WeatherTiger's 2017 summer outlook expects a warmer and drier than average July and August in the central U.S., centered on the Plains. The forecast notes a wetter, milder modulation from an active Pacific jet, following a spring of extremes with heavy rain in the central states.
A hot, dry Plains and western Corn Belt summer raises the risk of yield loss for corn, sorghum and wheat during pollination. Traders may add a weather premium if the forecast verifies.
weathertiger.comPosted By: Ryan TruchelutJun 9, 2017After 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.
Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
