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South Africa’s 2025–26 maize crop estimate was raised 1% from September to a record 17.7 million tonnes, 6% above last year. The larger crop and opening stocks of about 2.4 million tonnes provide a supply buffer ahead of an El Niño that forecasters expect to bring hotter, drier conditions and raise drought risk for the crop now being planted.
The record harvest increases near-term domestic availability and weighs on maize prices, while El Niño-related drought risk could tighten supply in the next season and support prices later.
flash24.orgDr. Miriam Seidel Wirtschaft, Business und WeltNov 6, 2026After 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.
