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GEOGLAM's October Crop Monitor for Early Warning reports that flooding and conflict continue to affect crops in northern East Africa, while conditions are mostly favourable in southern East Africa and West Africa. Wheat planting in the Middle East and North Africa and Southern Africa starts in October, with rice near average in Iraq and Iran.
Mostly favourable conditions in key producing regions point to adequate supply, with localized conflict and dry spells the main risks. Impact on global feed grain prices is limited.
cropmonitor.orgOct 3, 2024cropmonitor.orgOct 3, 2024After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 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.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% 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.
