Climate Change Has Outsize Effect on Corn Price Volatility

Climate Central: Farmers know all too well that the prices they get for what they grow can fluctuate from one year to the next, sometimes wildly. Drought or heat can reduce crop yields; so can frost and floods. For corn producers, the Renewable Fuel Standard, which mandates the addition of ethanol to gasoline, is yet another source of volatility. It puts extra demands on whatever supply there is, making corn more expensive for consumers even as it puts more money in farmers' pockets. And overlaid on top of it all...

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