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Mozambique plans to lift its 2026/27 grain target to 4.5 million tonnes, with corn expected at roughly 4 million tonnes, alongside broader food-security and climate-resilience programmes. A strong El Niño is forecast to bring below-average rainfall and hotter conditions to much of Southern Africa, making the harvest outcome uncertain.
A larger local corn crop could ease Mozambique's supply tightness, but El Niño-driven yield risk keeps a weather premium in regional markets. CBOT and European quotes are only mildly moving, so the effect on global corn prices is currently limited.
commodity-board.comNov 12, 2026commodity-board.comNov 12, 2026After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
