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An FT special report says record US corn, soybean and spring wheat yields were achieved in the past summer, but climate change is projected to pressure future crop yields. The article focuses on long-term productivity risks in the US breadbasket.
Long-term yield pressure from warming is a structural consideration for future feed grain supply, though it has little immediate effect on near-term prices.
ft.comDec 5, 2018After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
