# El Nino to continue into mid-2024, threatening agriculture

> Reuters reports that the El Niño and its opposing La Niña pattern have affected production of wheat, rice and corn in Latin America. The weather pattern is expected to continue into mid-2024. The excerpt is partial, so the specific forecasts are not fully stated.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: weather · region Latin America · magnitude medium
- Page: https://feedsoft.ai/events/33549-el-nino-to-continue-into-mid-2024-threatening-agriculture
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Expected persistence of El Niño into mid-2024 points to continued weather risk for South American grain and rice output, which supports global corn, wheat and rice prices.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-01 | [La Nina to Continue Through 2022 Growing Season](https://feedsoft.ai/events/40393-la-nina-to-continue-through-2022-growing-season.md) | +3.4% | -13.7% |
| CORN | 2022-01-14 | [La Niña Conditions Likely to Continue into Spring - AgWeb](https://feedsoft.ai/events/43037-la-nina-conditions-likely-to-continue-into-spring-agweb.md) | -0.1% | +6.0% |
| CORN | 2020-11-16 | [La Nina Impact to Continue](https://feedsoft.ai/events/50060-la-nina-impact-to-continue.md) | +10.4% | +8.7% |
| CORN | 2024-02-08 | [El Nino waning, La Nina to develop in second half of 2024](https://feedsoft.ai/events/31586-el-nino-waning-la-nina-to-develop-in-second-half-of-2024.md) | -1.4% | +1.6% |
| CORN | 2026-06-08 | [Agricultural production threatened by combination of El Niño and high input prices - Joint Research Centre](https://feedsoft.ai/events/18726-agricultural-production-threatened-by-combination-of-el-nino-and-high-input.md) | -0.9% | +0.5% |
| WHEAT | 2020-11-16 | [La Nina Impact to Continue](https://feedsoft.ai/events/50060-la-nina-impact-to-continue.md) | -2.8% | +1.3% |
| WHEAT | 2022-01-04 | [Agriculture: Cocereal expects Romania's wheat harvest to drop to 7.9 million tons in 2022](https://feedsoft.ai/events/43079-agriculture-cocereal-expects-romania-s-wheat-harvest-to-drop-to-7-9-million.md) | +4.3% | +7.9% |
| WHEAT | 2023-05-10 | [Argentina's agriculture to recover slowly despite El Niño -grains exchange](https://feedsoft.ai/events/13967-argentina-s-agriculture-to-recover-slowly-despite-el-nino-grains-exchange.md) | -0.6% | -7.3% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/el-nino-continue-into-mid-2024-threatening-agriculture-2023-10-19/

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