FEWS NET says the strong El Niño will keep 105-110 million people needing food assistance through at least early 2024. Needs are rising in Southern Africa and Latin America and falling in East Africa.
The agency warns that drought and above-average temperatures will hit agricultural production and food prices in drought-prone areas.
Below-average rainfall expected in Southern Africa and Latin America points to weaker maize and other crop output in those regions, which can support import demand and corn prices. The effect is mostly regional and gradual.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% 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.