# Extreme weather expected as El Nino climate pattern returns, US forecaster says | Reuters

> A US forecaster says El Niño is returning with extreme weather expected. The El Niño could cut Australian winter crop output by 34% and affect palm oil and rice production in Indonesia, Malaysia and Thailand, which together supply 80% of world palm oil.

- Date: 2023-06-08 · published 2023-06-08T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35406-extreme-weather-expected-as-el-nino-climate-pattern-returns-us-forecaster-says
- 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

Reduced output from Australia and Southeast Asia would tighten wheat, palm oil and rice supplies, supporting prices for these feed-relevant commodities. The impact on Southeast Asian palm oil is especially significant given its share of world supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-01 | [La Niña climate pattern should return this fall and last through winter. Here's what to expect.](https://feedsoft.ai/events/45982-la-nina-climate-pattern-should-return-this-fall-and-last-through-winter-here-s.md) | +1.8% | +2.3% |
| WHEAT | 2026-06-04 | [Hot weather hurts Asian crops as powerful El Nino takes shape \| Reuters](https://feedsoft.ai/events/18728-hot-weather-hurts-asian-crops-as-powerful-el-nino-takes-shape-reuters.md) | -0.6% | +1.6% |
| 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 | 2018-05-10 | [El Niño pattern could emerge by 2018-19 winter: U.S. forecaster](https://feedsoft.ai/events/64959-el-nino-pattern-could-emerge-by-2018-19-winter-u-s-forecaster.md) | -1.0% | +2.7% |
| WHEAT | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | +0.2% | +1.4% |
| PALMOIL | 2026-06-04 | [Hot weather hurts Asian crops as powerful El Nino takes shape \| Reuters](https://feedsoft.ai/events/18728-hot-weather-hurts-asian-crops-as-powerful-el-nino-takes-shape-reuters.md) | -4.4% | -6.1% |
| PALMOIL | 2018-05-10 | [El Niño pattern could emerge by 2018-19 winter: U.S. forecaster](https://feedsoft.ai/events/64959-el-nino-pattern-could-emerge-by-2018-19-winter-u-s-forecaster.md) | +0.7% | -0.0% |
| PALMOIL | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | -0.0% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/business/environment/el-nino-climate-pattern-is-now-underway-noaa-2023-06-08/

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