In the past, we presented the QCU Weather Based Rebalancing algorithm as an example of using an external data source. That algorithm tested the theory of weather impact on market sentiment.

What about the impact of weather on agricultural contracts?

We adapted the QCU algorithm, using Corn CFD, instead of SPY and went short when the weather is hotter.

It would be interesting to run a backtest using the weather conditions from the regions where corn is cultivated.