Soybean futures tend to have more volatility during weather events, and that could be the case if transitioning weather patterns reduce the forecast for soybean yields this summer.
Experts say the El Nino weather phenomenon that has brought more rain to the southern U.S. this winter is coming to an end, a development which could mean dryer conditions in the country depending on how fast the phenomenon transitions from a neutral to a La Nina-type pattern.
Bryce Knorr, senior grain market analyst at Farm Futures magazine, talked about the impact of the changing weather patterns and how the financial turmoil in China could have an impact on the outlook for futures and stock prices in this presentation from the 2016 Great Grain Marketing Debate at Commodity Classic in New Orleans.
The Learning Center session was sponsored by Channel, Corn & Soybean Digest and Farm Futures. The latter are sister publications to Delta Farm Press, Southeast Farm Press, Southwest Farm Press and Western Farm Press, all of which are members of the Penton Agriculture Group of publications.
To see slides from Knorr’s presentation, visit http://goo.gl/MDSEkT.