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An article from PreventionWeb argues that nature-based approaches can reduce flood risk for Mississippi River farmers. It cites 2019 Mississippi basin flooding that caused $20 billion in losses and kept 6.3 million tons of grain unshipped.
It projects riverine flood risk in the basin will threaten $4.2 billion in GDP annually by 2030.
Flood risk to the Mississippi system threatens barge logistics and planting, which can affect grain flows and freight costs, but this piece is a policy argument with no immediate price catalyst.
preventionweb.netJul 7, 2020Not enough comparable past events yet for a historical read.
After 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.
