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The EU Joint Research Centre's May ASAP assessment finds good cereal prospects in Southern Africa, with South Africa expecting a 15% rise in maize output and Zambia forecasting higher maize output than last year. East African bimodal areas improved with rainfall, though Sudan remains a critical hotspot.
Stronger Southern African maize harvests reduce import demand from the region, a mildly bearish factor for corn export prices.
joint-research-centre.ec.europa.euJun 6, 2025After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
