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Climate Central reports that warming temperatures and drought make Midwest corn and soybean crops more sensitive to heat, citing Iowa farmland examples. The article notes 2021 was tied with 1936 as the warmest US summer on record.
This is a general climate-trend feature with no new supply shock, so its direct price impact is minimal.
climatecentral.orgSep 23, 2021After 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.
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.
