Does it matter how colored pencils are stored from day to day? Does light, temperature, or humidity affect them?
A. Colored pencils are pretty forgiving tools, and are not much affected by normal exposure to light, temperature, and humidity. The real concern is to avoid dropping them. Make sure that wherever they are put down, they cannot roll away and drop onto a hard surface. For this can fracture their leads and make future sharpening of them a nightmare. Interestingly, although the pencils themselves are actually tough little hombres, the drawings on paper made with them are susceptible to all the conditions you mention. So paper and drawings are what must be stored in a sheltered place, away from extremes of light, temperature, and too much humidity, or from rapid changes in humidity.