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A Science feature dated April 17, 2020 describes how drought forecasting models from UC Santa Barbara's Climate Hazards Center predicted a severe drought in southern Africa after ocean temperature shifts in late 2019. The models anticipated stunted maize growth in Zimbabwe by January, and the article covers the famine early-warning work behind the forecast.
Drought-driven maize losses in southern Africa raise regional import needs and can support global corn prices, though the impact on world supply is limited.
science.orgPaul VoosenApr 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.
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.
