
The World Meteorological Organization has warned of a possible very intense El Niño episode. Peru's Senamhi rates risk for rice and potato between high and very high for September to November, and these two crops make up 38.2% of the country's farmland.
Agricultural sectors in Peru, Chile, Argentina and Uruguay are assessing effects on fruit and field crops.
Heat and water stress across South America could cut yields and raise regional production costs over the coming seasons. Feed buyers should watch for effects on crops that feed into local grain and meal supply, though the article does not quantify any market impact.
After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.