# World faces 'triple dip' La Nina, UN says - stoking ag market worries - Grain Price News

> Grain Price News reports the WMO warning that the world faces its first triple-dip La Niña of the 21st century. The WMO rates the chance of persistence at 70 per cent for September to November and 55 per cent for December to February. Bureau of Meteorology and NOAA assessments broadly agree.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39963-world-faces-triple-dip-la-nina-un-says-stoking-ag-market-worries-grain-price
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of extended La Niña dryness in key South American and Plains growing areas can lift grain and oilseed futures on supply-risk premiums. Market reaction depends on how the crop outcome develops.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-19 | [El Nino worries Brazil soy farmers as planting progresses, grain lobby says \| Reuters](https://feedsoft.ai/events/13617-el-nino-worries-brazil-soy-farmers-as-planting-progresses-grain-lobby-says.md) | -1.7% | +5.6% |
| SOY | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +8.2% | +3.7% |
| SOY | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.6% | -1.9% |
| SOY | 2020-08-19 | [Midweek Markets: Where are grain prices headed next?](https://feedsoft.ai/events/51664-midweek-markets-where-are-grain-prices-headed-next.md) | +0.2% | +10.9% |
| SOY | 2021-05-05 | [?Perfect storm? for grain futures, market analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/11305-perfect-storm-for-grain-futures-market-analyst-says-iowa-agribusiness-radio.md) | +3.8% | -0.9% |
| CORN | 2021-08-23 | [Prices for Ukrainian grain have increased in ports \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/45403-prices-for-ukrainian-grain-have-increased-in-ports-ukrainian-and-world-shipping.md) | +2.3% | -5.5% |
| CORN | 2023-10-19 | [El Nino worries Brazil soy farmers as planting progresses, grain lobby says \| Reuters](https://feedsoft.ai/events/13617-el-nino-worries-brazil-soy-farmers-as-planting-progresses-grain-lobby-says.md) | +1.0% | -2.6% |
| CORN | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +6.6% | +4.6% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/08/31/world-faces-triple-dip-la-nina-un-says-stoking-ag-worries/

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