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Hamilton and Taupō recorded their third driest October on record, and forecasters warn of a possibly record-strong El Niño. Waikato farmers say feed reserves are good after a strong winter.
Forecasters expect warmer temperatures and strong winds from November to January.
A dry summer in New Zealand could cut pasture growth and push up feed costs for livestock producers. Strong sheep and beef prices may cushion the effect, so the impact on global feed markets is limited.
waikatotimes.co.nzCharlotte GrahamNov 2, 2026After 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.
