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FAO warns that moderate El Niño conditions are present in the Pacific and models point to a possibly very strong event by year-end. The agency says effects vary across Africa, with drier conditions in western and central parts and flooding risk in the eastern Horn.
A strong El Niño threatens African crop output and food security, which could lift regional food import demand and feed-grain prices over time. The impact on global feed commodities is indirect.
fao.orgJul 28, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
