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USDA Economic Research Service published a report on drought-tolerant corn, noting that GE and non-GE drought-tolerant varieties became widely available between 2011 and 2013. By 2016, 22 percent of US corn acreage was planted to drought-tolerant varieties, concentrated in drought-prone regions.
Wider adoption of drought-tolerant hybrids moderates yield volatility in dry years, a slightly bearish structural factor for corn risk premium, though the effect is gradual.
ers.usda.govUSDA (.gov)Apr 1, 2019After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
