
DTN meteorologist Bryce Anderson says north central Corn Belt soils hold adequate to surplus moisture across parts of Iowa, Minnesota, Wisconsin and Illinois. He warns that a little more rain could cause planting problems in 2017.
Early-season wetness risk in a high-yield region could delay planting and add weather premium to corn and soybean futures next spring.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.