# How long will La Nina extend into 2023? Latest official forecasts - Grain Price News

> Official meteorologists including the Australian Bureau of Meteorology and Japan Meteorological Agency say La Nina persists in the tropical Pacific but is weakening. Models suggest ocean temperatures could return to ENSO-neutral levels in early 2023, with outlooks beyond April less reliable.

- Date: 2022-12-22 · published 2022-12-22T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/38151-how-long-will-la-nina-extend-into-2023-latest-official-forecasts-grain-price
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A fading La Nina points to improving rain prospects for South America and the US Plains later in 2023, which could ease drought premiums in corn, soybeans and wheat, though the timing remains uncertain.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-19 | [EU grains harvest in 2023 to recover nearly all lost ground, despite early test from cold - Grain Price News](https://feedsoft.ai/events/38167-eu-grains-harvest-in-2023-to-recover-nearly-all-lost-ground-despite-early-test.md) | +1.3% | +2.9% |
| CORN | 2017-01-11 | [U.S. grains: Wheat hits one-week low on Plains forecasts \| Farmtario](https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-farmtario.md) | +0.0% | +1.3% |
| CORN | 2024-03-01 | [How did farmers manage to grow a record corn crop in 2023? \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/13203-how-did-farmers-manage-to-grow-a-record-corn-crop-in-2023-an-official.md) | +4.5% | +5.7% |
| CORN | 2018-06-15 | [A bad combination for grain prices - Brownfield Ag News](https://feedsoft.ai/events/64552-a-bad-combination-for-grain-prices-brownfield-ag-news.md) | -1.3% | -6.2% |
| CORN | 2023-07-28 | [End-of-week selloff plagues grain prices](https://feedsoft.ai/events/10708-end-of-week-selloff-plagues-grain-prices.md) | -13.3% | -14.1% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| SOY | 2017-01-11 | [U.S. grains: Wheat hits one-week low on Plains forecasts \| Farmtario](https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-farmtario.md) | +6.9% | +5.3% |
| SOY | 2025-06-13 | [Argentina's Soybean Harvest Exceeds Forecast by 300,000 Tonnes; and other news about agribusiness in Latin America](https://feedsoft.ai/events/13852-argentina-s-soybean-harvest-exceeds-forecast-by-300-000-tonnes-and-other-news.md) | +2.5% | -4.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/12/22/how-long-will-la-nina-last-latest-official-forecasts/

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