The Philippines Department of Agriculture warned that El Niño could hit farm output hardest in the first half of 2027, raising projected rice production losses from 700,000 to one million metric tons. The agency also flagged possible damage to corn, vegetables, livestock and fisheries, with rainfed farms most exposed.
Lower Southeast Asian rice output and tighter regional supply would push up international rice prices. Losses in corn and other feed crops could also tighten feed supply.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
After 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.
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.