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JAMSTEC's SINTEX-F seasonal forecast projects above-normal surface temperatures across many areas of the world for December through February. It expects a weakening La Niña Modoki, a negative Indian Ocean Dipole ending, and warmer waters off northwestern Australia.
Warm and dry signals for parts of Australia and cooler conditions in northern Brazil could influence southern hemisphere crop expectations, but the effect on feed prices is indirect.
jamstec.go.jpSINTEX-F TeamJan 16, 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.
