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A Scientific Reports paper by Martinez-Feria and Basso uses commercial field data to show that landscape position drives yield losses in unstable zones under both drought and excess rain. The authors estimate 2.65 million hectares of water-stressed cropland and an annual economic loss of $536 million.
The findings point to site-specific adaptation opportunities, but they are academic results with no direct effect on near-term feed supply or prices.
nature.comMartinez-Feria, Rafael A., Basso, BrunoMar 1, 2020After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% 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.
