# El Nino waning, La Nina to develop in second half of 2024

> The US Climate Prediction Center says La Niña could develop in the second half of 2024 after a strong El Niño. The current El Niño is expected to fade to neutral conditions during April-June, with a 55% chance of La Niña.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/31586-el-nino-waning-la-nina-to-develop-in-second-half-of-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

La Niña historically brings drier weather to Americas grain areas, which could tighten corn and soybean supplies and lift feed prices later in the year. Markets are likely to price this only as the forecasts firm up.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## 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 | 2021-11-23 | [Officially Official, La Nina has Developed](https://feedsoft.ai/events/43974-officially-official-la-nina-has-developed.md) | -3.9% | -0.1% |
| CORN | 2024-09-12 | [La Nina weather 71% likely to develop in Sept-Nov, says US forecaster \| Reuters](https://feedsoft.ai/events/28233-la-nina-weather-71-likely-to-develop-in-sept-nov-says-us-forecaster-reuters.md) | +4.9% | +5.1% |
| 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 | 2023-10-19 | [El Nino to continue into mid-2024, threatening agriculture](https://feedsoft.ai/events/33549-el-nino-to-continue-into-mid-2024-threatening-agriculture.md) | +1.0% | -2.6% |
| 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 | 2021-11-23 | [Officially Official, La Nina has Developed](https://feedsoft.ai/events/43974-officially-official-la-nina-has-developed.md) | -4.5% | +2.6% |
| SOY | 2024-09-12 | [La Nina weather 71% likely to develop in Sept-Nov, says US forecaster \| Reuters](https://feedsoft.ai/events/28233-la-nina-weather-71-likely-to-develop-in-sept-nov-says-us-forecaster-reuters.md) | +3.5% | +4.1% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/el-nino-waning-la-nina-develop-second-half-2024-2024-02-08/

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