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FAO and WFP warn that June and July drought in Central America has destroyed about 281,000 hectares of maize and beans across Guatemala, El Salvador and Honduras, affecting more than 2 million people. They also warn a possible El Niño before end-2018 could worsen food insecurity.
Losses in Central American staple crops mainly affect local food supply and import needs, so the price effect on global feed grains is small, though higher regional maize and bean imports could add modest demand.
reliefweb.intFood, Agriculture Organization of the United NationsAug 24, 2018After 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.
