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A FEWS NET report dated April 17, 2020 projects Central American 2019/20 maize production below the previous year and near the five-year average. It expects rice and bean supplies to be similar to last year, with maize and rice prices average to above average and an above-average rice deficit.
Imports are expected to fill the gaps, and the report says COVID-19 market effects should be limited.
A regional maize shortfall and rice deficit increase import demand from international suppliers, which supports regional corn and rice prices.
fews.netApr 17, 2020After 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 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
