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A University of Georgia extension post reports that La Niña is currently present but weak, with a transition to ENSO-neutral likely by March–May 2025 (66% chance). It says neutral conditions should persist through most of summer and may support an active Atlantic hurricane season.
A neutral summer reduces the typical La Niña drought risk for US crops, which weighs on feed grain prices. The outlook is uncertain beyond summer, so the price effect is limited.
site.extension.uga.eduFeb 1, 2025After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), 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.
