# November 2024 ENSO update: ask me anything | NOAA Climate.gov

> NOAA's November 2024 ENSO update gives a 57% chance that La Niña develops soon, late in the season and likely weak. It notes that even weak events can shift temperature and precipitation patterns globally.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/27324-november-2024-enso-update-ask-me-anything-noaa-climate-gov
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A weak La Niña could bring dryness risk to parts of South America and other growing regions, supporting soybean, corn and wheat prices modestly if forecasts firm up.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-05-12 | [May 2022 ENSO update: piece of cake \| NOAA Climate.gov](https://feedsoft.ai/events/41332-may-2022-enso-update-piece-of-cake-noaa-climate-gov.md) | -0.3% | -0.9% |
| CORN | 2022-11-10 | [November 2022 La Niña update: Let’s get some exercise \| NOAA Climate.gov](https://feedsoft.ai/events/38576-november-2022-la-nina-update-let-s-get-some-exercise-noaa-climate-gov.md) | +1.8% | -5.0% |
| CORN | 2021-10-14 | [October 2021 ENSO update: La Niña is here! \| NOAA Climate.gov](https://feedsoft.ai/events/44467-october-2021-enso-update-la-nina-is-here-noaa-climate-gov.md) | +3.2% | +13.8% |
| CORN | 2022-06-09 | [June 2022 ENSO update: how does your garden grow? \| NOAA Climate.gov](https://feedsoft.ai/events/40857-june-2022-enso-update-how-does-your-garden-grow-noaa-climate-gov.md) | -1.6% | -0.5% |
| CORN | 2022-07-14 | [July 2022 La Niña update: comic timing \| NOAA Climate.gov](https://feedsoft.ai/events/40391-july-2022-la-nina-update-comic-timing-noaa-climate-gov.md) | -12.5% | -12.4% |
| SOY | 2022-05-12 | [May 2022 ENSO update: piece of cake \| NOAA Climate.gov](https://feedsoft.ai/events/41332-may-2022-enso-update-piece-of-cake-noaa-climate-gov.md) | +0.8% | +7.2% |
| SOY | 2016-11-10 | [November 2016 La Niña update: Hello, lady! \| NOAA Climate.gov](https://feedsoft.ai/events/73775-november-2016-la-nina-update-hello-lady-noaa-climate-gov.md) | +0.8% | +5.7% |
| SOY | 2022-11-10 | [November 2022 La Niña update: Let’s get some exercise \| NOAA Climate.gov](https://feedsoft.ai/events/38576-november-2022-la-nina-update-let-s-get-some-exercise-noaa-climate-gov.md) | -2.1% | +1.8% |

## Sources

- climate.gov: https://www.climate.gov/news-features/blogs/enso/november-2024-enso-update-ask-me-anything

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