
CGIAR and partners launched The State of Early Warning Around the World at the COP31 Food & Agriculture Pavilion in Antalya on 11 November. The report argues that El Niño and fertilizer market disruptions are visible well in advance, but warnings and financing often fail to reach farmers before crises hit.
The report is a policy commentary on preparedness rather than a new supply event, so it has little direct price effect. It does highlight that fertilizer disruptions compound El Niño risks for food production.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
After 349 past report events, Palm Oil moved a median +0.3% over 5 sessions (55% higher; middle half -1.0% to +2.0%), and +0.6% 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.