
AgWeb reports meteorologists expect a quick La Niña exit with a 75% chance of ENSO-neutral by January-March and a growing chance of El Niño in 2026. Nutrien's Eric Snodgrass says 2026 could bring favourable weather for crop production after 2025 forecasts missed flooding and disease pressure.
A favourable weather outlook weighs on crop risk premiums, supporting a neutral to slightly bearish grain price bias.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.