Loading…
The US Climate Prediction Center sees an 82% chance of ENSO-neutral conditions through June-August 2025. It puts neutral at 48% and La Niña at 41% for November-January.
Neutral ENSO generally means stable weather and better yields, reducing weather risk premium in corn and soybeans, though a shift toward La Niña later could raise drought risk for South American and US crops.
tradingview.comJun 12, 2025After 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.
