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The JRC's August ASAP assessment reports that El Niño is worsening food insecurity in conflict-affected countries. East Africa and Ethiopia face unfavorable crop conditions, while Southern Africa cereal output is above average.
Regional crop stress in East Africa has limited direct effect on global feed grain prices, though it adds to humanitarian demand for food aid.
joint-research-centre.ec.europa.euSep 5, 2023After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
