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La Niña poses risk of decline in global corn, soybean production – BMI

La Niña poses risk of decline in global corn, soybean production – BMI

September 24, 2024, 6:04 AM ESTSoybean Futures (S_1:COM), WEAT, W_1:COMDBA, MOO, CORNCANE, SOYB, DJCICC, CC1:COM, PLO:COM, C_1:COMBy: Arundhati Sarkar, SA News Editor

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Brokerage house BMI believes that the expected La Niña phenomenon could entail upside risks for corn prices and downside risks for rice prices, as well as mixed risks for global wheat production.

In addition, he considers the predicted La Niña phenomenon to be a positive aspect