# What history says about strong El Niños and ag commodities - Pro Farmer

> Pro Farmer reviews history showing strong El Niño years coincided with a rally in a major ag index about two-thirds of the time. It also reports funds built net long grain positions to a near 3.5-year high, with hedge funds buying 83,700 corn contracts and 50,300 soybean contracts.

- Date: 2026-08-26 · published 2026-08-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/17832-what-history-says-about-strong-el-ninos-and-ag-commodities-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy speculative buying amplifies El Niño-driven weather risk, so prices could rally sharply but are vulnerable to liquidation if the weather threat fades.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-08-25 | 5 | +5.4% | 2.9 | Funds built large net long positions, buying 83,700 corn contracts, and El Niño narratives added speculative momentum. |

## Sources

- profarmer.com: https://www.profarmer.com/news/what-history-says-about-strong-el-ninos-and-ag-commodities

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.