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Agronomists report that warmer-than-normal nighttime temperatures during the 2016 reproductive stage may have reduced corn yields in the eastern Corn Belt. Late-season diseases were also a factor in some areas.
The effect concerns the 2016 crop, which is already harvested and priced, so it has limited direct impact on current prices, though it signals that heat stress risk matters for future yields.
farmprogress.comTom J Bechman 1Feb 3, 2017After 2,467 past weather events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.
