
FAO reports that El Niño's aftermath is causing lasting agricultural stress across Southeast Asia. Dry conditions have appeared in parts of the Philippines, Viet Nam, Cambodia and Lao PDR, threatening rice and wheat harvests and possibly delaying monsoon onset.
Drought risk to Southeast Asian rice output could tighten regional supply and lift rice prices, while the threat to wheat adds to import demand.
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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.