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The WFP's November 2024 El Niño situation report says more than 26 million people in Southern Africa are food insecure. Zambia and Zimbabwe show maize production down about 50% and 72% from the five-year average, and the region faces a sharp import need of about 5 million tonnes.
A large Southern African maize import requirement, around 5 million tonnes, could draw export supply from South America and the US, supporting corn prices and freight demand.
reliefweb.intNov 13, 2024After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
