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Zimbabwe's 2024/25 cropping season has started at a measured pace, with a cereal target of 3.3 million tonnes against 2.2 million tonnes of need. The government owes over $300 million to agricultural suppliers, and delayed rains and weak irrigation threaten yields.
Input shortages and delayed rain could keep Zimbabwe reliant on imported maize and feed, a small but continuing source of import demand for corn and soymeal.
equityaxis.netNov 1, 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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
