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South African observers report that La Niña weakened rapidly in February and March, and the May-June rainfall outlook is weaker than expected. The CEC raised its 2020/21 South African maize estimate to 16.1 million tonnes and soybean estimate to 1.8 million tonnes.
A higher South African maize crop adds modestly to regional supply and eases import needs, which is mildly bearish for corn. The effect on global prices is limited given South Africa's small share of world trade.
在过去 357 次看跌的天气事件之后,玉米 在 5 个交易日内中位数变动 -0.3%(44% 上涨;中间一半区间为 -2.2% 至 +1.3%),20 个交易日内为 -0.5%。
在过去 324 次中性的天气事件之后,大豆 在 5 个交易日内中位数变动 +0.0%(52% 上涨;中间一半区间为 -1.4% 至 +1.7%),20 个交易日内为 +0.7%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。