# Shift from El Nino to La Nina portends rains in Asia, dryness in Americas | Reuters

> Meteorologists say global weather is poised to shift from El Niño to La Niña in the second half of 2024. La Niña typically brings more rain to Australia, Southeast Asia and India and drier conditions to grain and oilseed producing regions of the Americas.

- Date: 2024-02-07 · published 2024-02-07T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31585-shift-from-el-nino-to-la-nina-portends-rains-in-asia-dryness-in-americas-reuters
- 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 drier Americas outlook raises the risk of yield shortfalls in corn and soybeans later in 2024, which could support prices from current multi-year lows. The forecast is still months away, so the effect on near-term prices is limited.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +2.7% | +0.5% |
| CORN | 2023-11-13 | [Ongoing El Nino forecast to bring dry conditions in Southern Africa, SE Asia, Central America and wet conditions in Eastern Africa - Agroportal](https://feedsoft.ai/events/33103-ongoing-el-nino-forecast-to-bring-dry-conditions-in-southern-africa-se-asia.md) | -0.5% | -1.7% |
| CORN | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +1.6% | -3.4% |
| CORN | 2021-09-09 | [La Nina Development Has Potential to Affect Crops in US, South America](https://feedsoft.ai/events/44986-la-nina-development-has-potential-to-affect-crops-in-us-south-america.md) | +1.3% | -2.3% |
| CORN | 2017-11-14 | [La Nina - Dryness stops fieldwork in Argentina](https://feedsoft.ai/events/67811-la-nina-dryness-stops-fieldwork-in-argentina.md) | +0.2% | +3.1% |
| SOY | 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) | +0.1% | -1.1% |
| SOY | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +2.0% | +2.8% |
| SOY | 2021-09-09 | [La Nina Development Has Potential to Affect Crops in US, South America](https://feedsoft.ai/events/44986-la-nina-development-has-potential-to-affect-crops-in-us-south-america.md) | +1.9% | -2.3% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/shift-el-nino-la-nina-portends-rains-asia-dryness-americas-2024-02-07/

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