The FAO updated its La Niña Anticipatory Action and Response Plan in January 2025 and is seeking urgent funding. It is prioritizing assistance to 41 countries at highest risk, with La Niña conditions active and likely to persist until April 2025.
This is a humanitarian funding appeal rather than a supply shock, though it signals weather risk to crops in vulnerable regions that could support food commodity prices modestly.
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.
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.
After 31 past neutral weather events, Rough Rice moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.