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Extreme Dry Spells and Larger Storms in the U.S. Midwest Raise Crop Prices
(RedNIE Red Nacional de Investigadores en Economía, 2024)The U.S. Midwest produces about a third of global corn and soybeans, two of the most important crops for humanity. Earlier literature has found that corn and soybean output is sensitive to weather in a nonlinear manner: ...