Just a thought, a handful of years ago many areas experienced some pretty good droughts.
People were selling off the cattle and such at fire sale prices so they didn’t have to import feed. Then the next year, they bought more to start their herds again.
Realistically, the flooding has hit a small area compared to the entire growing area. The “wet season” will effect more than the flood did. Remember what happened during the drought? Same thing.
Most companies have a cushion built into their prices so they don’t have to suddenly raise the price because of some tragedy. That way you don’t stop buying it completely. Your corn flakes go up $.15, nobody stops buying and they can weather the storm. $1.50 a box, rice chex it is and profits plummet.
This is a percentage of the total crops and critters. And making like chicken little doesn’t help anything.
Realistically a bunch of elevators and Co-Ops just found an avenue to empty the silos without taking a massive hit on previous years crops.