Loading…
A ReliefWeb situation report says Sudan's 2021/22 production of sorghum, millet and wheat is estimated at 5 million tonnes, 30% below the five-year average. More than 18 million people need humanitarian aid because of dry spells, crop failure, conflict and economic crisis.
Sudan is a sizable importer of cereals, so the production shortfall adds to import demand for sorghum and wheat in East Africa. The effect on world prices is small compared with major exporters.
reliefweb.intMar 27, 2022Not enough comparable past events yet for a historical read.
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.
