
JRC's August assessment reports El Niño-linked crop failures in Central America and East Africa. Southern Africa's 2026 cereal output is about 10% above average, but drier-than-average conditions are forecast for the October-December planting season.
Heavy rains are expected to bring flooding to East Africa rather than relief.
Regional crop losses and a drier Southern African planting season could raise maize import demand and firm prices, though the region is a small share of global trade.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.