# Island Climate Update 266 - December 2022 | Earth Sciences New Zealand | NIWA

> NIWA's December 2022 Island Climate Update reports a mature La Nina with a 75% chance of lasting through February 2023 and an 80% chance of easing toward neutral from March to May. It also notes rising odds of El Nino developing by winter 2023, above 40%.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/38156-island-climate-update-266-december-2022-earth-sciences-new-zealand-niwa
- 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

Expected easing of La Nina and a possible shift toward El Nino would shape Pacific-rim and South American crop risks later in 2023, a factor for feed grain and oilseed sentiment.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-30 | [Seasonal climate outlook: September 2017 - November 2017 \| Earth Sciences New Zealand \| NIWA](https://feedsoft.ai/events/69372-seasonal-climate-outlook-september-2017-november-2017-earth-sciences-new.md) | +2.3% | +3.1% |
| CORN | 2019-12-12 | [December 2019 ENSO update: neutral, rinse, repeat \| NOAA Climate.gov](https://feedsoft.ai/events/55496-december-2019-enso-update-neutral-rinse-repeat-noaa-climate-gov.md) | +5.5% | +5.7% |
| CORN | 2024-12-19 | [IRI – International Research Institute for Climate and Society \| December 2024 Quick Look](https://feedsoft.ai/events/26862-iri-international-research-institute-for-climate-and-society-december-2024.md) | +2.0% | +7.4% |
| CORN | 2023-11-28 | [Global Seasonal Climate Update for July-August-September 2024](https://feedsoft.ai/events/33096-global-seasonal-climate-update-for-july-august-september-2024.md) | +2.2% | +4.6% |
| CORN | 2019-12-19 | [IRI – International Research Institute for Climate and Society \| 2019 December Quick Look](https://feedsoft.ai/events/55497-iri-international-research-institute-for-climate-and-society-2019-december.md) | +0.5% | +0.7% |
| SOY | 2019-12-12 | [December 2019 ENSO update: neutral, rinse, repeat \| NOAA Climate.gov](https://feedsoft.ai/events/55496-december-2019-enso-update-neutral-rinse-repeat-noaa-climate-gov.md) | +3.9% | +4.6% |
| SOY | 2024-12-19 | [IRI – International Research Institute for Climate and Society \| December 2024 Quick Look](https://feedsoft.ai/events/26862-iri-international-research-institute-for-climate-and-society-december-2024.md) | +3.8% | +8.6% |
| SOY | 2023-11-28 | [Global Seasonal Climate Update for July-August-September 2024](https://feedsoft.ai/events/33096-global-seasonal-climate-update-for-july-august-september-2024.md) | -1.8% | -1.2% |

## Sources

- niwa.co.nz: https://niwa.co.nz/climate-and-weather/island-climate-update/island-climate-update-266-december-2022

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