Loading…
FAO's GIEWS issued a Special Alert warning that poor rains and heat have caused water stress across Southern Africa, reducing 2018 cereal harvests. Regional maize output hit a record in 2017, and cereal stocks remain ample.
Southern African crop losses are regional and mainly affect food-security imports, so they have limited direct effect on world feed grain prices given ample stocks.
fao.sitefinity.cloudFeb 27, 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.
