Loading…
Meteorologist Dan Hicks forecasts a cooler, wetter spring for the northern Midwest, warmer and drier conditions in the hard red winter wheat area, and better planting conditions in the Delta and Southeast. The outlook is based on years when a weak La Niña was followed by neutral conditions.
A slow, wet spring in the northern Midwest could delay corn planting, while a dry HRW region raises some yield risk for wheat, but the signal is weak and seasonal.
agriculture.comJessie ScottJan 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.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), 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.
