Loading…
USDA Midwest Climate Hub director Dennis Todey told an Iowa Soybean Association conference that climate models show wetter springs and falls alternating with drier summers. He also said the Corn Belt is warming.
This is a long-term climate trend discussion with no near-term supply signal, though it suggests more soil erosion risk and a need for changes in farm practices.
agriculture.comGil GullicksonFeb 8, 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.
