
October brought 2 to 6 or more inches of rain to much of the Southern Plains, with totals 150-400% of normal in many places. DTN expects well-above-normal precipitation to continue into early 2027 as a strong El Nino develops.
Wet conditions in the Southern Plains favor winter wheat establishment and pasture, but excessive rain can delay planting and harvest, supporting modest upside for wheat and livestock feed costs.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 29 past neutral weather events, Wheat (HRW) moved a median +0.6% over 5 sessions (52% higher; middle half -1.9% to +2.3%), 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.