Panel I: Yield shocks for corn

Panel II: Yield shocks for cotton

Panel III: Yield shocks for soybeans

Country

Scenario 1

Scenario 2

Country

Scenario 1

Scenario 2

Country

Scenario 1

Scenario 2

United States

−7.63%

0.00%

United States

−7.00%

0.00%

United States

−5.87%

0.00%

Canada

−8.14%

0.00%

Argentina

−8.37%

0.00%

Canada

−5.94%

0.00%

Argentina

−8.86%

2.90%

South Africa

−14.94%

0.42%

Argentina

0.00%

6.23%

Philippines

−6.16%

10.66%

Brazil

1.57%

−1.35%

South Africa

0.00%

6.23%

South Africa

−7.15%

0.33%

Colombia

−10.45%

0.00%

Uruguay

0.00%

6.23%

Spain

−3.82%

5.39%

China

−8.81%

0.00%

Brazil

0.00%

6.23%

Uruguay

−4.56%

0.00%

Mexico

−15.92%

0.00%

Paraguay

0.00%

6.23%

Honduras

−1.26%

16.75%

India

−18.41%

0.00%

Mexico

0.00%

6.23%

Portugal

−0.99%

8.41%

Burkina Faso

−10.02%

0.00%

Bolivia

−10.82%

0.00%

Czech Republic

−0.23%

7.35%

Pakistan

−18.00%

2.27%

Brazil

−10.20%

5.22%

Burma

−18.82%

0.00%

Colombia

−2.25%

14.10%

Paraguay

−2.85%

1.21%