Loading…
A CNN Business article says that after the 2012 drought lifted corn prices, dry extremes have eased, and excess rain is now the main threat to corn farmers. The piece frames climate change as a growing cost to US corn production.
Persistent wet weather in the US Corn Belt can delay planting and cut yields, which supports corn prices, but this piece is general commentary without a new supply event.
cnn.comShannon GuptaApr 20, 2017After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
