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A CGIAR and CIAT study projects that by 2040 rainfall patterns for wheat, soybean, rice and maize will shift even if Paris Agreement emissions targets are met. Parts of Europe, Africa, the Americas and Australia are expected to become drier, while the tropics and northern regions get wetter.
Long-term drying in major exporting regions like Australia, the Americas and Europe points to structurally tighter future supplies of grains and oilseeds, a slow-moving but supportive price factor.
cgiar.orgMar 11, 2019After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
