# Climate Change and Risks to Midwest Agriculture - Federal Reserve Bank of Chicago

> A Federal Reserve Bank of Chicago analysis warns that climate change poses serious risks to Midwest agriculture through higher temperatures and greater variability during the corn and soybean growing season. It also notes the region's importance to farm lending and banking.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/13282-climate-change-and-risks-to-midwest-agriculture-federal-reserve-bank-of-chicago
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Long-run yield variability in the Midwest is a supply risk that could tighten corn and soybean balances over time. The article is a structural risk assessment with no immediate price catalyst.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-20 | [Political angst affecting the exchange rate, says Bank of Mexico - Central Banking](https://feedsoft.ai/events/62256-political-angst-affecting-the-exchange-rate-says-bank-of-mexico-central-banking.md) | -1.1% | +7.6% |
| CORN | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.2% | -0.3% |
| CORN | 2024-10-30 | [INTERVIEW: Trump win could spur China to boost US agricultural imports](https://feedsoft.ai/events/14714-interview-trump-win-could-spur-china-to-boost-us-agricultural-imports.md) | +0.8% | -1.1% |
| CORN | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | +0.3% |
| CORN | 2022-02-25 | [Fertilizer Prices Keep Rising and the Russia-Ukraine Conflict Could Make it Worse \| College of Agricultural and Environmental Sciences](https://feedsoft.ai/events/43025-fertilizer-prices-keep-rising-and-the-russia-ukraine-conflict-could-make-it.md) | +6.6% | +10.3% |
| SOY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.1% | -1.7% |
| SOY | 2024-10-30 | [INTERVIEW: Trump win could spur China to boost US agricultural imports](https://feedsoft.ai/events/14714-interview-trump-win-could-spur-china-to-boost-us-agricultural-imports.md) | +3.0% | +1.9% |
| SOY | 2017-09-08 | [Who owns all the grain? — This week in the grain market - RealAgriculture](https://feedsoft.ai/events/69006-who-owns-all-the-grain-this-week-in-the-grain-market-realagriculture.md) | +0.4% | +0.5% |

## Sources

- chicagofed.org: https://www.chicagofed.org/publications/blogs/midwest-economy/2023/climate-change-agriculture-risks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.