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The GEOGLAM Crop Monitor for Early Warning (No. 46) reports that southern Africa has concerns over main-season maize and sorghum due to dry conditions from poor October to December rains and below-average February forecasts. Yields in East Africa and Southeast Asia were mixed or average, with flood and drought damage noted.
Dryness in southern Africa's maize and sorghum belt could cut regional supplies and lift prices for feed grains that buyers source from the region.
reliefweb.intFeb 6, 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.
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.
