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An outlook piece says La Nina is already affecting weather across major growing regions, with dry conditions in South America and wet conditions in South and Southeast Asia, Canada and the US. Agricultural prices have risen in recent months on tighter supplies, weaker dollar and loose monetary policy.
Firm prices are expected in the first half of 2021.
Dry South American weather and adverse conditions in other origins threaten grain and oilseed supply, supporting corn, soybean, wheat and palm prices and raising feed input costs.
thehindubusinessline.comThe HinduBusinessLine4 ene 2021Tras 1465 eventos alcista de clima pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +1,9 %), y +0,9 % en 20.
Tras 1079 eventos alcista de clima pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +2,0 %), y +0,9 % en 20.
Tras 1072 eventos alcista de clima pasados, Trigo (SRW) se movió una mediana de +0,2 % en 5 sesiones (55% al alza; mitad central entre -1,4 % y +2,3 %), y +0,3 % en 20.
Tras 181 eventos alcista de clima pasados, Aceite de palma se movió una mediana de +0,5 % en 5 sesiones (56% al alza; mitad central entre -0,9 % y +1,9 %), y +0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
La Nina-driven dryness in South America threatens crop supply while a weaker dollar and loose monetary policy add price support, plausibly fueling the corn rally, though it is an outlook piece rather than a discrete shock so relevance is moderate.
La Nina-related dryness in South America and tighter supplies, plus a weaker dollar and loose monetary policy, supported a bullish supply and sentiment backdrop that plausibly contributed to the corn rally, though this is a general outlook piece rather than a specific 1-day catalyst.
La Nina weather (dry South America, wet Southeast Asia) supports a firmer vegetable oil complex and bullish sentiment, though it is a general outlook.
La Nina dryness in South America plus a weaker dollar and loose monetary policy supported a firm price outlook.
La Nina dryness in South America and wet Asia support tighter oilseed and palm supply and firm price expectations.
