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An NCAR-led study published in Geophysical Research Letters finds that El Niño and La Niña events will likely cause more intense temperature, precipitation and wildfire impacts as the climate warms. Heat extremes in the southern US during a La Niña like 2011 could be about 30% greater by the end of the century.
This is long-term climate research with no immediate supply change, so it has little direct effect on feed commodity prices.
news.ucar.eduAug 28, 2018After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 349 past report events, Palm Oil moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.
