The WFP Global Seasonal Outlook for November 2025 reports delayed, below-average short rains in the Horn of Africa and early-season dryness in MENA and Central Asia. It expects La Niña to bring above-average rainfall and flood risk to Southern Africa and a dry start to winter crop planting in Central Asia.
Dryness in the Middle East and Central Asia could reduce wheat and barley import needs or raise them, but the regions are small in global trade terms. Wetter Southern Africa conditions are supportive for the next crop, which limits upside risk to maize prices.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.