# IRI – International Research Institute for Climate and Society | December 2024 Quick Look

> The IRI's December 2024 quick look reports that ENSO-neutral conditions persist in the equatorial Pacific as of mid-December. Its model gives 59% odds of neutral conditions for Dec-Feb, while the official CPC outlook favors a weak La Nina.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/26862-iri-international-research-institute-for-climate-and-society-december-2024
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Persistent neutral conditions would reduce the risk of a South American drought from La Nina, supporting steady soybean and corn supply expectations and limiting upside in feed grain prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-19 | [IRI – International Research Institute for Climate and Society \| 2019 December Quick Look](https://feedsoft.ai/events/55497-iri-international-research-institute-for-climate-and-society-2019-december.md) | +1.0% | +0.1% |
| SOY | 2025-11-19 | [IRI – International Research Institute for Climate and Society \| November 2025 Quick Look](https://feedsoft.ai/events/21854-iri-international-research-institute-for-climate-and-society-november-2025.md) | -2.5% | -8.3% |
| SOY | 2019-11-19 | [IRI – International Research Institute for Climate and Society \| 2019 November Quick Look](https://feedsoft.ai/events/55979-iri-international-research-institute-for-climate-and-society-2019-november.md) | -2.0% | +2.0% |
| SOY | 2020-05-19 | [IRI – International Research Institute for Climate and Society \| 2020 May Quick Look](https://feedsoft.ai/events/53046-iri-international-research-institute-for-climate-and-society-2020-may-quick-look.md) | +0.2% | +2.6% |
| SOY | 2021-06-18 | [IRI – International Research Institute for Climate and Society \| June 2021 Quick Look](https://feedsoft.ai/events/46479-iri-international-research-institute-for-climate-and-society-june-2021-quick.md) | +3.1% | +9.4% |
| CORN | 2019-12-19 | [IRI – International Research Institute for Climate and Society \| 2019 December Quick Look](https://feedsoft.ai/events/55497-iri-international-research-institute-for-climate-and-society-2019-december.md) | +0.5% | +0.7% |
| CORN | 2025-11-19 | [IRI – International Research Institute for Climate and Society \| November 2025 Quick Look](https://feedsoft.ai/events/21854-iri-international-research-institute-for-climate-and-society-november-2025.md) | -2.0% | +0.1% |
| CORN | 2019-11-19 | [IRI – International Research Institute for Climate and Society \| 2019 November Quick Look](https://feedsoft.ai/events/55979-iri-international-research-institute-for-climate-and-society-2019-november.md) | +0.6% | +2.5% |

## Sources

- iri.columbia.edu: https://iri.columbia.edu/our-expertise/climate/forecasts/enso/2024-december-quick-look/

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