# ENSO and agriculture: exploring the risks for insurance portfolios

> Swiss Re publishes a report on how El Niño, La Niña and neutral phases affect agricultural production and insurance portfolios. It cites the 1982-83 El Niño as the cause of the most intense maize yield failure on modern record.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/31591-enso-and-agriculture-exploring-the-risks-for-insurance-portfolios
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The report is an insurance-sector reference and does not describe a new supply event. It reinforces that ENSO shifts are a material yield risk for crops.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-06 | [How to prepare for an El Niño winter \| Climate and Agriculture in the Southeast](https://feedsoft.ai/events/62472-how-to-prepare-for-an-el-nino-winter-climate-and-agriculture-in-the-southeast.md) | -0.3% | -0.4% |
| CORN | 2018-10-22 | [Managing El Niño And La Niña In Lao Agriculture](https://feedsoft.ai/events/62469-managing-el-nino-and-la-nina-in-lao-agriculture.md) | -1.2% | -6.0% |
| CORN | 2022-07-15 | [Weather and recession fears trump USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5593-weather-and-recession-fears-trump-usda-report-agweek-1-source-for-agriculture.md) | -10.7% | -8.4% |
| CORN | 2025-10-16 | [Harvest season in full swing in the Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13047-harvest-season-in-full-swing-in-the-midwest-agweek-1-source-for-agriculture.md) | -0.0% | +2.8% |
| CORN | 2026-09-25 | [Summer is over, but the weather market isn't - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12962-summer-is-over-but-the-weather-market-isn-t-agweek-1-source-for-agriculture.md) | -0.3% | -6.1% |
| SOY | 2018-03-06 | [Outlook for the 2018 growing season \| Climate and Agriculture in the Southeast](https://feedsoft.ai/events/65927-outlook-for-the-2018-growing-season-climate-and-agriculture-in-the-southeast.md) | -3.1% | -2.7% |
| SOY | 2022-07-15 | [Weather and recession fears trump USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5593-weather-and-recession-fears-trump-usda-report-agweek-1-source-for-agriculture.md) | -11.9% | +6.2% |
| SOY | 2025-10-16 | [Harvest season in full swing in the Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13047-harvest-season-in-full-swing-in-the-midwest-agweek-1-source-for-agriculture.md) | +2.8% | +11.3% |

## Sources

- swissre.com: https://www.swissre.com/reinsurance/insights/enso-and-agriculture-risks-for-insurance-portfolios.html

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