Severe El Niño conditions have disrupted Thailand’s corn harvest, tightening domestic availability and raising feed-corn prices above the government reference price. Feed users say delayed decisions on 2027 import measures have hindered planning; only 150,000 tonnes of the 570,000-tonne zero-tariff US corn quota were imported in 2026 after prices rose and the quota allocation left limited time to order.
Tighter local supply and limited, costly imports are increasing feed manufacturers’ raw-material costs and may sustain upward pressure on Thai corn prices. Faster policy clarification or easier import access could improve supply and temper prices.
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.