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Yale Climate Connections reports that the Midwest and Plains are warming, with a growing season about two weeks longer since 1950. It describes unusual spring extremes and heavier storms in Nebraska and the Dakotas, with the southern Plains projected to get drier.
This is long-term background on climate trends rather than a new supply shock, so it has little near-term price effect on feed grains.
yaleclimateconnections.orgSamantha HarringtonMay 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.
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.
