Loading…
A US forecaster reports signs that La Niña is shifting toward El Niño conditions in early 2026. La Niña brings cooler water and a higher risk of floods and drought, while neutral conditions usually support stable weather and yields.
A move toward El Niño raises the prospect of weather shifts in key growing regions later in 2026. Traders may add a small risk premium to corn and soybean prices, though the impact is still distant.
reuters.comFeb 12, 2026After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
