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The October 2019 Crop Monitor for Early Warning reports mostly favorable cereal conditions across East Africa, West Africa, the Middle East, Central and South Asia. It flags concerns over dry conditions in Southern Africa, early-season drought and flooding in Southeast Asian rice, and reduced yields in Central America's dry corridor.
The concerns are regional and mostly affect food-insecure areas rather than major feed-grain exporters, so global feed price impact is limited.
reliefweb.intOct 4, 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.
