◂ Event Timeline

Aug 1, 2024REPORTGlobal

Crop Monitor for Early Warning (202408)

The GEOGLAM Crop Monitor for Early Warning, published August 1, 2024 with conditions as of July 28, reports mixed crop conditions across regions. Southern Africa faces poor to failure outcomes for the main season due to El Niño-induced drought, while West Africa and Central and South Asia are generally favourable.

WHY IT MATTERS

Southern African crop failures from El Niño drought tighten regional maize supply and may support prices for white corn and imports. Favourable conditions elsewhere limit the global price impact.

AFFECTSCorn◆Wheat (SRW)◆

SOURCE
cropmonitor.orgAug 1, 2024

Price reaction & history

Corn◆neutralSO FAR1d -0.1%5d -0.1%20d -3.8%

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.

Sep 5, 2024Crop Monitor for Early Warning (202409) — GEOGLAM Crop Monitor-2.1%
Jul 3, 2025Crop Monitor for Early Warning (202507) — GEOGLAM Crop Monitor-5.1%
Dec 7, 2023Crop Monitor for Early Warning (202312) — GEOGLAM Crop Monitor-2.3%
Oct 2, 2025Crop Monitor for Early Warning (202510) — GEOGLAM Crop Monitor+1.6%
May 2, 2024Crop Monitor for AMIS (202405) — GEOGLAM Crop Monitor+0.9%

Wheat (SRW)◆neutralSO FAR1d +0.2%5d +5.0%20d -2.7%

After 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.

Sep 5, 2024Crop Monitor for Early Warning (202409) — GEOGLAM Crop Monitor+0.8%
Oct 3, 2024Crop Monitor for Early Warning (202410) — GEOGLAM Crop Monitor-5.7%
Oct 2, 2025Crop Monitor for Early Warning (202510) — GEOGLAM Crop Monitor+0.5%
Jul 3, 2025Crop Monitor for Early Warning (202507) — GEOGLAM Crop Monitor-3.4%
May 2, 2024Crop Monitor for AMIS (202405) — GEOGLAM Crop Monitor+2.1%

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.

Corn CORN · GP ▸

——— · ·

Wheat (SRW) WHEAT · GP ▸

——— · ·

Loading…