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Nebraska climatologist Al Dutcher discusses forecasts showing highly variable winter temperatures, with a shift toward La Niña. Short-term models show warm conditions, then a cold snap and possible snow mid-November.
Variable winter weather in Nebraska has limited direct price impact but adds to uncertainty about the 2017 crop and cattle feeding conditions.
cropwatch.unl.eduNov 10, 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 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), 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.
