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South Africa faces an intense El Niño that is expected to bring a drier and hotter summer through early 2027. Farmers are still planting the 2026-27 summer grain and oilseed crops, with intentions at 4.5 million hectares, 2% below last season.
A record 17.7-million-tonne maize harvest and ample stocks should cushion supply.
Ample maize stocks limit the near-term price risk from El Niño, but a drought in the summer crop could tighten supply and lift domestic feed prices into 2027.
saharawire.comSaharaWire NewsroomNov 2, 2026
tce.exchangeDaily MaverickNov 2, 2026
dailymaverick.co.zaNov 2, 2026After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
