Risks (2): Climate Case Studies – The 2010 Russian Heat Wave

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Blog Title: Climate Case Studies – The 2010 Russian Heat Wave: Risks (2)
Publication Date: 2011/10/24
URL: http://www.wunderground.com/blog/RickyRood/comment.html?entrynum=208
Short Description: What strikes me is that in the short term, a large impact of weather extremes is on markets. This impact is not directly related to the actual amount of grain deficiency caused by the weather extreme. Rather it is related to humans trying to find advantage or avoid perceived risk in the market. People are anticipating changes in not only wheat supply, but also changes in behavior. They are betting.


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