
The US Climate Prediction Center gives La Niña a 65% chance of developing in July-September. Capital Economics says geographically concentrated crops make global wheat and corn prices less likely to be affected by either phase.
La Niña is seen as supportive for South African maize, Indian sugarcane and wheat, and Australian crops due to higher rainfall.
Because global wheat and corn output is spread across regions, ENSO shifts are unlikely to move those prices much on their own. Localized benefits for maize in South Africa and wheat in India and Australia may ease supply concerns there.
Setelah 445 peristiwa cuaca netral sebelumnya, Jagung bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,4% sampai +1,6%), dan +0,7% selama 20 sesi.
Setelah 224 peristiwa cuaca netral sebelumnya, Gandum (SRW) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.