As El Niño Wanes, Food Security Pain Remains

After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.

• Oct 30, 2023El Niño Forecast to Contribute to Food Insecurity - NASA Science-0.0%
• Sep 28, 2023Risks to global food commodity prices from El Niño-3.3%
• Jul 12, 20232023/53 “Rice Production and Food Security in Southeast Asia under Threat from El Niño” by Elyssa Ludher and Paul Teng – ISEAS – Yusof Ishak Institute-18.7%
• Jun 21, 2024Explainer: Why food prices will remain high in India | Reuters-6.9%
• Jan 31, 2024How can El Niño cause disastrous impacts on ASEAN Plus Three’s Agricultural Production and Food Security? - Asean Plus Three Emergency Rice Reserve (APTERR)+2.2%

After 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.

• Oct 4, 20262026-2027 El Niño food security impacts-3.5%
• Apr 24, 2024NASA SVS | El Niño Forecast to Contribute to Food Insecurity-0.5%
• Oct 30, 2023El Niño Forecast to Contribute to Food Insecurity - NASA Science-3.3%
• Sep 20, 2024FAO urges swift action as La Niña threatens global food security+0.0%
• Jul 27, 2018Does the El Niño Southern Oscillation Actually Matter for Food Security? – State of the Planet+0.9%