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The GEOGLAM Crop Monitor special report says a poor Primera season in Central America and Haiti resulted from persistent dry, hot conditions that hit maize and beans. Forecasts point to average-to-below-average rains and heat through February 2024, which could mean a second poor season.
Regional maize deficits in Central America mainly affect local food security and import demand, with limited global price impact. Continued shortfalls could add to regional corn import needs.
cropmonitor.orgNov 30, 2023After 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.
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.
