Loading…
USDA's Economic Research Service reports that drought-tolerant corn reached 22% of US planted corn acreage in 2016, with 42% in Nebraska and 39% in Kansas. Adoption was highest in regions with recent severe drought.
Wider use of drought-tolerant hybrids can reduce yield losses in dry years, modestly dampening the drought risk premium in corn prices over time.
ers.usda.govFeb 4, 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.
