Loading…
DTN meteorologist Bryce Anderson says 2017 weather patterns resemble 2001, a year of record U.S. soybean yields and a fourth-largest corn crop. He sees neutral to El Niño conditions and little threat of a production cut.
A second consecutive record U.S. crop would add supply to already heavy stocks, which points to bearish pressure on corn and soybean prices.
brownfieldagnews.comMark DorenkampJan 31, 2017After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
