# What's Hot: Anticipating the return of La Nina | GB | WisdomTree Europe

> WisdomTree says La Niña is favoured to form in September-November 2024 with a 71% chance, persisting into early 2025. Historically, wheat, corn, soybeans and cotton have tended to rise in the six months after a La Niña begins. Inventories of many agricultural commodities are below their long-term averages.

- Date: 2024-09-16 · published 2024-09-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28235-what-s-hot-anticipating-the-return-of-la-nina-gb-wisdomtree-europe
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Low stocks mean less capacity to absorb a weather shock, so a La Niña-driven dry spell in South America could lift soy and corn prices. Higher Southeast Asian rainfall would support palm oil and rice output.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-05 | [Time to glean profits from grains \| DK \| WisdomTree Europe](https://feedsoft.ai/events/64559-time-to-glean-profits-from-grains-dk-wisdomtree-europe.md) | -3.0% | -8.0% |
| CORN | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -0.3% | -6.1% |
| CORN | 2020-11-05 | [What’s fueling China’s thirst for U.S. corn and soybeans?](https://feedsoft.ai/events/50020-what-s-fueling-china-s-thirst-for-u-s-corn-and-soybeans.md) | +0.3% | +8.7% |
| CORN | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | -0.3% | -0.1% |
| CORN | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.8% | -0.8% |
| SOY | 2018-06-05 | [Time to glean profits from grains \| DK \| WisdomTree Europe](https://feedsoft.ai/events/64559-time-to-glean-profits-from-grains-dk-wisdomtree-europe.md) | -4.8% | -15.3% |
| SOY | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -2.5% | -4.9% |
| SOY | 2020-11-05 | [What’s fueling China’s thirst for U.S. corn and soybeans?](https://feedsoft.ai/events/50020-what-s-fueling-china-s-thirst-for-u-s-corn-and-soybeans.md) | +6.0% | +8.3% |

## Sources

- wisdomtree.com: https://www.wisdomtree.com/gb/insights/blog/anticipating-the-return-of-la-nina

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