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The FSNAU-FEWS NET post-Gu technical release says more than 1.5 million people in Somalia are expected to face IPC Phase 3 (Crisis) or worse through June 2019. It attributes this to below-average Deyr rains and the effects of the 2016/17 drought and conflict.
About 903,100 children under five are likely to be acutely malnourished.
Somalia is a small import market for grains, so the humanitarian food shortfall has little effect on global feed or grain prices. Demand for food aid imports may rise modestly.
reliefweb.intFeb 1, 2019After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
