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A GIEWS country brief for Lesotho, dated December 22, 2020, reports that 2021 cereal plantings of maize and sorghum are nearly complete. Rainfall since October has been near average, and La Niña forecasts point to a higher chance of average to above-average rain in early 2021.
Cereal production in 2020 recovered to near-average levels, but imports are expected to remain above average.
Lesotho is a small import market, so its outlook has little effect on global prices. The favourable rain outlook supports local supply, which slightly reduces import demand for maize and sorghum.
reliefweb.intDec 22, 2020After 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.
Not enough comparable past events yet for a historical read.
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.
