Climate Change Main Contributor to Volatility of Corn Prices
The impact of climate change on corn-price volatility outweighs movements caused by energy market policies and oil prices, according to research published in the journal Nature Climate Change. “U.S. corn-price volatility exhibits higher sensitivity to near-term climate change than to energy policy influences or agriculture-energy market integration,” researchers Noah S. Diffenbaugh, Thomas W. Hertel, Martin…
