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A World Bank blog post argues that El Nino is an underappreciated climate risk in East Asia and the Pacific and that preparedness matters even in a non-strong year. It recaps the history of El Nino and La Nina events and their damage to regional agriculture.
This is general commentary on climate preparedness with no new supply event, so it has negligible direct price implications for feed markets.
blogs.worldbank.orgWilliam R. Sutton, Xinyu WengDec 3, 2019After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 349 past report events, Palm Oil moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.
