# La Niña: Implications For Agribusiness Markets In Southern a

> BMI, a Fitch Solutions company, says La Niña usually brings above-average rainfall to Southern and Western Africa. It views the coming event as an upside risk for corn in Southern Africa and cocoa in Western Africa. The strength and timing of the event remain uncertain.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: weather · region Southern Africa · magnitude low
- Page: https://feedsoft.ai/events/28232-la-nina-implications-for-agribusiness-markets-in-southern-a
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher African corn output would ease import demand and weigh on regional prices, while cocoa is not a feed input. The effect on global feed markets is small.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-22 | [Weather-related issues impact grain market \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/9644-weather-related-issues-impact-grain-market-iowa-agribusiness-radio-network.md) | -1.9% | -4.8% |
| CORN | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -9.6% | +2.3% |
| CORN | 2025-12-12 | [La Niña Is Fading: What It Means for South American Crop Potential - AgWeb](https://feedsoft.ai/events/21412-la-nina-is-fading-what-it-means-for-south-american-crop-potential-agweb.md) | +1.0% | -2.9% |
| CORN | 2024-10-16 | [Corn and soybeans regain a little ground after sell-off - Markets - Business Recorder](https://feedsoft.ai/events/27881-corn-and-soybeans-regain-a-little-ground-after-sell-off-markets-business.md) | +2.5% | +3.9% |
| CORN | 2025-10-16 | [Harvest season in full swing in the Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13047-harvest-season-in-full-swing-in-the-midwest-agweek-1-source-for-agriculture.md) | -0.0% | +2.8% |

## Sources

- fitchsolutions.com: https://www.fitchsolutions.com/bmi/agribusiness/la-nina-implications-agribusiness-markets-southern-and-western-africa-23-09-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.