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The JRC's May ASAP assessment flags adverse weather across parts of Africa, including reduced yields in Angola, Mozambique and southern Madagascar and delayed rains in Somalia and Ethiopia. It also warns that El Niño and high fertilizer and fuel prices linked to the Iran war are straining farmers in non-conflict countries.
Regional crop shortfalls and higher input costs in Africa can lift import demand for maize and feed grains. The effect on global prices is modest, but it adds to a tight fertilizer and fuel backdrop.
joint-research-centre.ec.europa.euJun 8, 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.
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.
