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The FAO's Crop Prospects and Food Situation report says global cereal supply prospects are improving thanks to generally favourable growing conditions. It identifies 39 countries needing external food assistance, with conflict and drought stressing food security in 2016.
Southern Africa faces a significant rise in people needing aid from January to March 2017.
Improving global cereal supply outlooks are mildly bearish for grain prices, though food-insecurity needs in Southern Africa add import demand in specific markets.
reliefweb.intFood, Agriculture Organization of the United NationsDec 4, 2016After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
