US forecaster sees 60% chance of La Niña weather in September-November

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Sep 12, 2024La Nina weather 71% likely to develop in Sept-Nov, says US forecaster | Reuters+4.9%
• Aug 27, 2020WMO Update: 60 percent chance of La Niña+1.6%
• May 14, 2026US forecaster says El Nino has 82% chance of developing by July | Reuters-0.4%
• Jan 9, 2025La Niña Emerges in Pacific Triggering Global Weather Changes - Bloomberg+4.1%
• Mar 13, 2025U.S. forecaster sees neutral weather conditions persisting through summer+6.5%

After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• Sep 12, 2024La Nina weather 71% likely to develop in Sept-Nov, says US forecaster | Reuters+3.5%
• Aug 27, 2020WMO Update: 60 percent chance of La Niña+4.7%
• May 14, 2026US forecaster says El Nino has 82% chance of developing by July | Reuters-1.3%
• Jan 9, 2025La Niña Emerges in Pacific Triggering Global Weather Changes - Bloomberg+5.6%
• Feb 19, 2024The El Niño weather pattern shapes 2024 commodity price forecast-3.1%

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• Mar 14, 2024US forecaster sees higher chance of La Nina conditions this summer | Reuters+0.4%
• Aug 27, 2020WMO Update: 60 percent chance of La Niña-2.1%
• Jan 9, 2025La Niña Emerges in Pacific Triggering Global Weather Changes - Bloomberg+0.0%
• Mar 13, 2025U.S. forecaster sees neutral weather conditions persisting through summer+5.7%
• Oct 1, 2022September 2022 La Niña update: it’s Q & A time-0.1%