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An IFAD report published on 9 November 2026 warns the 2026-27 El Niño could cause $11 trillion in lost global income and peak between October 2026 and January 2027. Southern African countries face over 50% drought probability, and rice regions of South and Southeast Asia are also exposed.
Expected drought in southern African maize areas and risk to Asian rice output could tighten supplies and lift prices for feed grains and rice.
agronewstoday.comDown To EarthNov 11, 2026After 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 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 1,079 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
