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Botswana's grain marketing board is importing grain from South Africa, Zimbabwe, and possibly Brazil and Australia to offset a 2023 sorghum shortage caused by a pricing dispute with commercial farmers and severe drought. The board says it is keeping strategic reserves above minimum levels.
Southern African import demand for sorghum and maize adds modest regional demand, though the volumes are small relative to global feed grain markets.
businessweekly.co.bwBaboloki MeekwaneMay 15, 2024Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
