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NOAA reports that July 2022 was Earth's sixth warmest July since 1880, at 0.87 degrees Celsius above the 20th-century average. NASA ranked it tied for third warmest.
Record heat was recorded in southern Europe, parts of Asia, Brazil and southern Texas.
Global heat records are background context for crop stress, but this climate report does not directly change feed supply or price expectations.
yaleclimateconnections.orgJeff Masters, Bob HensonAug 12, 2022After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
