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Ghana's Meteorological Agency confirms a strong El Niño, with about a 96% chance of reaching or exceeding the threshold for November 2026 to January 2027. It warns of a hotter, drier dry season and risks to agriculture, water and hydropower through 2027.
The forecast concerns a local West African market, so its direct effect on global feed grain prices is limited, though it adds to the wider El Niño risk picture.
graphic.com.ghKweku ZurekNov 1, 2026After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
