
The JRC's October ASAP assessment reports mixed rainfall for winter cereals in the Middle East and Central Asia and expects drought in Somalia and neighbouring areas. It also notes below-average yields expected in parts of eastern Sudan and Ethiopia, and high acute food insecurity in East Africa.
These are mostly regional food security issues with limited effect on world grain supply. Crop losses in Sudan and Ethiopia are small relative to global exporters, so the price impact is minimal.
After 224 past neutral weather events, WHEAT moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.