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The Philippine Department of Agriculture reported agricultural damage from the strong El Niño reached P9.99 billion, affecting 324,327 farmers and 323,419 hectares. Rice output is projected at about 18.6 million tonnes, roughly one million tonnes lower than 2025, and corn output is forecast down about 500,000 tonnes.
Lower Philippine rice and corn output increases the country's import needs, supporting demand for feed grains and rice-related products and nudging regional prices higher.
abs-cbn.comJamaine PunzalanNov 12, 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.
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.
