
FEWS NET forecasts above-average temperatures and rainfall deficits across much of southern Africa during the 2026/27 agricultural season, which is already influenced by El Niño. In Mozambique, heatwaves have been reported in the south, and the combination of heat, delayed rains and prolonged dry spells could harm crops, pastures and water resources.
Hotter, drier conditions can reduce crop and pasture output, tightening regional feed supplies and putting upward pressure on prices if production is affected.
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.
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.