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A Nature Climate Change study finds that simultaneous droughts across major world regions could become more frequent, with co-occurring severe droughts rising 40 percent by mid-century and 60 percent by late century. The researchers estimate around 120 million people could be exposed each year by century's end.
This is a long-term climate research finding with no immediate supply effect on feed grains. It has little near-term price impact.
news.climate.columbia.eduColumbia Climate SchoolFeb 9, 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.
