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The JRC's October ASAP assessment flags drier-than-average conditions for most of southern Africa from November 2023 to January 2024, with favourable prospects for South African and Zimbabwean wheat. East Africa faces mixed main-season prospects from localized drought and conflict, while the short-rains season may bring floods.
Below-average rains in southern Africa could reduce maize output and raise regional import demand for corn. Impact on global grain prices should be limited unless the dryness deepens.
agroportal.ptComissão EuropeiaNov 13, 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.
