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Record March floodwaters in Nebraska are estimated to have destroyed crops and livestock worth more than $800 million, and NOAA expects flooding to persist through May. The article also links heat, drought and floods to lower yields and higher food prices over time.
Flood losses in the Plains could cut local feed grain and cattle supplies, and continued spring flooding raises planting-delay risk. The long-term climate points are a slower-moving influence on prices.
ortlab.igb.illinois.eduSonya CollinsApr 14, 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 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% 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.
