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Higher temperatures and record wet conditions are hurting US staple crops, with farmers across the Great Plains and Midwest struggling to plant due to flooding. The US just had its wettest 12 months on record.
Researchers estimate yield losses could cost billions of dollars.
Lower yields from weather stress tighten feed grain and soybean supplies over time. The article is mainly a climate-impact analysis, so its near-term price effect is modest.
ehn.orgEmily MakowskiJun 24, 2019After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
