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Poor humidity, rain and heat in 2016 cut rice yields in Craighead County, Arkansas, to about 120 bushels per acre from a typical 180. Local extension estimates up to 5% of the county's roughly 200 farmers could exit farming.
Lower regional rice, soybean and corn output is a small supply tightening at the margin. Overall US supply is much larger, so the price effect is limited.
talkbusiness.netGeorge JaredNov 14, 2016After 179 past bullish weather events, RICE moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
