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The FAO is helping about 7,000 mostly small-scale farmers in Peru recover from crop damage caused by the coastal El Nino floods and landslides from January to March 2017. More than 60,000 hectares were affected and 18,000 hectares were rendered unusable.
Losses in Peru's northern coastal crops are local and small compared with world grain and feed supplies, so the price effect is minimal. The story mainly reflects the ongoing effects of the earlier El Nino event.
news.un.orgUNICEF/Jose VilcaMay 19, 2017After 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.
