
Climate researchers say La Niña conditions and a western V sea surface pattern favor poor March-to-May 2021 rains in eastern East Africa. The analysis includes water satisfaction simulations and yield statistics from analog seasons to assess potential crop impacts.
Poor rains in eastern Africa would hurt local crops and raise regional food import demand, a modest supportive factor for global grain and feed prices.
After 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.
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.