# US forecaster sees higher chance of La Nina conditions this summer | Reuters

> Reuters reports a US forecaster sees a higher chance of La Nina conditions developing this summer. The article notes India restricted rice exports after a poor monsoon, Australian wheat output was hit, and Southeast Asian palm oil plantations and rice farms received below-normal rain.

- Date: 2024-03-14 · published 2024-03-14T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31137-us-forecaster-sees-higher-chance-of-la-nina-conditions-this-summer-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

La Nina typically brings drier conditions to parts of South America and can affect Australian and Southeast Asian output, tightening supplies of wheat, palm oil and rice and supporting prices.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-13 | [U.S. forecaster sees neutral weather conditions persisting through summer](https://feedsoft.ai/events/25497-u-s-forecaster-sees-neutral-weather-conditions-persisting-through-summer.md) | +5.7% | +2.3% |
| WHEAT | 2024-10-10 | [US forecaster sees 60% chance of La Niña weather in September-November](https://feedsoft.ai/events/27778-us-forecaster-sees-60-chance-of-la-nina-weather-in-september-november.md) | -0.5% | -1.3% |
| WHEAT | 2024-05-09 | [El Nino to end by June, La Nina seen in second half of 2024, says U.S. forecaster \| Reuters](https://feedsoft.ai/events/30149-el-nino-to-end-by-june-la-nina-seen-in-second-half-of-2024-says-u-s-forecaster.md) | +2.0% | +6.5% |
| WHEAT | 2023-05-24 | [The U.S. Now Has a Nearly 90% Chance of Seeing El Niño This Summer - AgWeb](https://feedsoft.ai/events/13279-the-u-s-now-has-a-nearly-90-chance-of-seeing-el-nino-this-summer-agweb.md) | -2.4% | -2.7% |
| WHEAT | 2023-06-23 | [US Corn Crop Withers to Worst Conditions Since 1992, Driving Prices Higher](https://feedsoft.ai/events/9765-us-corn-crop-withers-to-worst-conditions-since-1992-driving-prices-higher.md) | +7.4% | -1.1% |
| PALMOIL | 2023-06-08 | [Extreme weather expected as El Nino climate pattern returns, US forecaster says \| Reuters](https://feedsoft.ai/events/35406-extreme-weather-expected-as-el-nino-climate-pattern-returns-us-forecaster-says.md) | +2.1% | +14.6% |
| PALMOIL | 2023-06-27 | [Palm oil will rise in price in the second half of the year – forecast](https://feedsoft.ai/events/35580-palm-oil-will-rise-in-price-in-the-second-half-of-the-year-forecast.md) | +12.1% | +13.3% |
| PALMOIL | 2020-10-13 | [Palm climbs for seventh day as Indonesia warns of La Nina hit - Markets - Business Recorder](https://feedsoft.ai/events/50742-palm-climbs-for-seventh-day-as-indonesia-warns-of-la-nina-hit-markets-business.md) | -2.8% | +8.6% |

## Sources

- reuters.com: https://www.reuters.com/world/us/us-forecaster-sees-higher-chance-la-nina-conditions-this-summer-2024-03-14/

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