# El Nino may hammer Asian farms with dry weather, but shower American growers

> Reuters reports that El Niño may bring dry weather to Asian farms while favoring American growers. Australian wheat, the world's second-largest wheat exporter, is expected to suffer from dryness, and palm oil and rice output is likely to suffer in Indonesia, Malaysia and Thailand.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35407-el-nino-may-hammer-asian-farms-with-dry-weather-but-shower-american-growers
- 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), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected losses in Australian wheat and Southeast Asian palm oil and rice would reduce global supply and support prices. Favorable US conditions could limit the upside for US corn and soybeans.

## Read by commodity

- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-27 | [El Nino May Boost Soil Moisture in May for South American Wheat](https://feedsoft.ai/events/36317-el-nino-may-boost-soil-moisture-in-may-for-south-american-wheat.md) | +1.1% | -2.6% |
| 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 | 2021-08-05 | [Millers, bakers fret as drought withers North America's spring wheat](https://feedsoft.ai/events/45615-millers-bakers-fret-as-drought-withers-north-america-s-spring-wheat.md) | -2.5% | +0.3% |
| WHEAT | 2021-04-24 | [Grain prices pushed higher as weather worries grow - Farmers Weekly](https://feedsoft.ai/events/10294-grain-prices-pushed-higher-as-weather-worries-grow-farmers-weekly.md) | +3.3% | -0.2% |
| WHEAT | 2017-03-09 | [El Nino may arrive this summer and fall](https://feedsoft.ai/events/71912-el-nino-may-arrive-this-summer-and-fall.md) | +0.7% | +0.6% |
| 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 | 2017-03-14 | [Weak El Nino to have small impact on Asian crops this year \| The Star](https://feedsoft.ai/events/71913-weak-el-nino-to-have-small-impact-on-asian-crops-this-year-the-star.md) | +1.5% | -5.2% |
| 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/world/el-nino-may-hammer-asian-farms-with-dry-weather-shower-american-growers-2023-06-01/?taid=6478a7f8c5325a00011cc4c5

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