
The second part of an E&E News series examines the 2012 Great Plains drought, the worst in recorded U.S. history. It cut the expected corn crop by 26% and caused about $30 billion in damage, and the article discusses how to respond to extreme weather.
This is background on a past drought and policy debate, with no new supply event that would move feed prices today.
After 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.