GEOGLAM's Crop Monitor for Early Warning (No. 106, conditions as of June 28) reports mixed cereal conditions in East Africa and the Sahel, mostly favourable wheat harvesting in Central and South Asia, and favourable rice planting in Southeast Asia. Southern Africa's main-season cereal harvest is complete with improved prospects versus last year's drought.
Mostly favourable conditions in major Asian and Southern African producing areas point to adequate supplies, which is bearish for grain prices, while Sahel and East Africa concerns affect regional food security rather than global feed prices.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.