# NOAA Pacific Ocean Analytics Support Ideas of La Nina Holding Off Until Later in Summer

> NOAA's Oceanic Niño Index for March-May came in at +0.7, still in El Niño territory. Weather forecasters expect La Niña to develop later in the summer, after most US corn pollination has occurred.

- Date: 2024-06-20 · published 2024-06-20T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/29660-noaa-pacific-ocean-analytics-support-ideas-of-la-nina-holding-off-until-later
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A delayed La Niña lowers the risk of pollination-stage heat and drought in the US Corn Belt, which tends to ease corn and soybean price support.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-14 | [Analyst Insight: La Niña could keep domestic wheat prices supported going into 2022 \| AHDB](https://feedsoft.ai/events/44470-analyst-insight-la-nina-could-keep-domestic-wheat-prices-supported-going-into.md) | +3.2% | +13.8% |
| CORN | 2022-12-22 | [How long will La Nina extend into 2023? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/38151-how-long-will-la-nina-extend-into-2023-latest-official-forecasts-grain-price.md) | +2.1% | +2.1% |
| CORN | 2024-10-24 | [Pacific Temperatures Show Slower La Nina Development vs. 2020](https://feedsoft.ai/events/27782-pacific-temperatures-show-slower-la-nina-development-vs-2020.md) | -1.3% | +1.0% |
| CORN | 2024-07-17 | [La Nina Could be Positive for 2024/25 Growing Season in Brazil](https://feedsoft.ai/events/13558-la-nina-could-be-positive-for-2024-25-growing-season-in-brazil.md) | +2.6% | -1.3% |
| CORN | 2021-10-21 | [Double-Dip La Nina Motivates Second-Fastest Start on Record to Brazil Soybean Planting](https://feedsoft.ai/events/44379-double-dip-la-nina-motivates-second-fastest-start-on-record-to-brazil-soybean.md) | +2.1% | +9.4% |
| SOY | 2021-10-14 | [Analyst Insight: La Niña could keep domestic wheat prices supported going into 2022 \| AHDB](https://feedsoft.ai/events/44470-analyst-insight-la-nina-could-keep-domestic-wheat-prices-supported-going-into.md) | +4.2% | +0.7% |
| SOY | 2022-12-22 | [How long will La Nina extend into 2023? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/38151-how-long-will-la-nina-extend-into-2023-latest-official-forecasts-grain-price.md) | +1.9% | +0.6% |
| SOY | 2024-10-24 | [Pacific Temperatures Show Slower La Nina Development vs. 2020](https://feedsoft.ai/events/27782-pacific-temperatures-show-slower-la-nina-development-vs-2020.md) | -2.1% | -0.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/ag-weather-forum/blog-post/2024/06/20/noaa-pacific-ocean-analytics-support

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