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Indiana State Climate Office associate state climatologist Ken Scheeringa forecasts a warmer-than-normal 2017 for the Midwest and Indiana, based on long-range indicators. He explains that the La Nina phase ended in 2016 and ENSO is now neutral.
Expectations of a warm Midwest season could influence planting and yield expectations for US corn and soybeans, but the forecast is directional and not highly specific.
farmprogress.comTom J Bechman 1Mar 13, 2017After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
