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An article on the FAO early warning report said El Niño could bring drought to Southern Africa, Central America, the Caribbean and parts of Asia, where many people already face acute food insecurity. It said northern South America and Australia may also see reduced rainfall.
FAO is studying anticipatory action for the most vulnerable areas.
The main impact is on food security and humanitarian needs in import-dependent regions rather than a direct price signal for feed commodities.
igrownews.comSepehr AchardMay 2, 2023After 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.
