Loading…
Indiana state climatologist Ken Scheeringa explains why long-range forecasts have been inconsistent. A strong La Niña forecast for July did not verify, and forecasters now expect a weaker La Niña to return.
Some early signs of change were already visible, including drought in the southeastern US.
Uncertain long-range forecasts add weather risk premium for the coming growing season, but without a confirmed drought threat the effect on feed grain prices is limited.
farmprogress.comTom Bechman 1Dec 9, 2016After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
