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South African agronomist Wandile Sihlobo reports that El Niño has not yet derailed summer grain and oilseed planting, though October was unusually hot. Rainfed crops face a potentially challenging season if dry conditions persist.
Early planting continues, but drought risk to South African maize and soybeans could tighten regional supply later in the season and support feed grain prices.
fm.co.zaWandile SihloboNov 1, 2026After 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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
