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A UW–Madison study of Ethiopian highlands sorghum found that early-season droughts can cut yields even in years with above-average rainfall. The researchers expect such droughts to become more frequent and intense as the climate warms, and cite El Niño years as an example.
The study is a regional research finding about Ethiopian sorghum with little direct effect on world sorghum or feed grain prices.
Not enough comparable past events yet for a historical read.
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.