Loading…
A peer-reviewed study in the International Journal of Climatology examines how different types of ENSO affect the Indian summer monsoon in observations and climate models. It finds a consistent negative rainfall signal in northeast and hilly India during El Nino.
The research improves understanding of monsoon risk for India's rice and soybean crops, but it is academic and does not itself change near-term supply or prices.
discovery.ucl.ac.ukRoy, I, Tedeschi, RG, Collins, MMar 30, 2017After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 349 past report events, Palm Oil moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.
