# Corn market outlook: Mozambique targets 4 Mt under El Niño risk — CMB News

> 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.

- Date: 2026-11-12 · published 2026-11-13T06:08:06.967Z
- Category: weather · region Mozambique · magnitude low
- Page: https://feedsoft.ai/events/97183-corn-market-outlook-mozambique-targets-4-mt-under-el-nino-risk-cmb-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-23 | [Chance of 'super El Niño' shouldn't change northern Plains growing season outlook - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/20091-chance-of-super-el-nino-shouldn-t-change-northern-plains-growing-season-outlook.md) | -0.3% | -1.8% |
| CORN | 2017-07-12 | [El Niño Outlook for July 2017](https://feedsoft.ai/events/69876-el-nino-outlook-for-july-2017.md) | -4.1% | -5.2% |
| CORN | 2023-02-17 | [Corn market: ready to move?](https://feedsoft.ai/events/37349-corn-market-ready-to-move.md) | -1.6% | -4.3% |
| CORN | 2017-04-06 | [El Niño Outlook for April 2017 \| WeatherTiger](https://feedsoft.ai/events/71427-el-nino-outlook-for-april-2017-weathertiger.md) | +0.6% | -0.3% |
| CORN | 2020-07-16 | [CEPM Corn Market n°227 \| Maiz'Europ'](https://feedsoft.ai/events/52154-cepm-corn-market-n-227-maiz-europ.md) | +0.8% | -0.4% |

## Sources

- commodity-board.com: https://commodity-board.com/el-nino-risk-meets-mozambique-s-ambitious-corn-expansion
- commodity-board.com: https://commodity-board.com/el-riesgo-de-el-nino-coincide-con-la-ambiciosa-expansion-del-maiz-de-mozambique

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.