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The GEOGLAM Crop Monitor for Early Warning, published September 5, 2024, reports conditions as of August 28. Prospects are mixed across East and Southern Africa, while West African conditions are generally favourable despite erratic rainfall.
Drought in north and central Ghana could affect production there.
The report covers mainly food-crop regions with limited direct exposure to global feed grain prices. Its findings on African production add minor context to global supply expectations.
cropmonitor.orgSep 5, 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 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
