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Soil Health Partnership reviews the August 2020 Iowa derecho, which damaged about 3.57 million acres of corn and 2.5 million acres of soybeans. Estimates put grain losses at 200 to 400 million bushels and storage damage at about 100 million bushels.
The article focuses on lessons about crop insurance coverage.
The 2020 derecho losses were already reflected in the 2020 crop and stocks. The article is about insurance planning, so it has little direct price effect.
soilhealthpartnership.orgAmandaFeb 11, 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.
