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CIMMYT calls for drought-tolerant seed and soil and water conservation in eastern and southern Africa, where El Niño has caused drought. Kenyan farmers are still waiting for the long rains, which arrived very late this season.
Drought in eastern and southern Africa can reduce maize output and increase regional import needs, supporting maize prices. The impact on global feed grain prices is modest.
cimmyt.orgCIMMYTApr 17, 2019After 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.
