# La Niña could spark fire in already-overheated markets

> Farm Futures analyst Bryce Knorr says government forecasters now see a 53% chance La Niña persists through June-August, up from about 20% in December. Summer outlooks call for above-normal temperatures across nearly the whole US and below-normal precipitation from central Illinois westward, with 36% of corn acres already in drought.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/42198-la-nina-could-spark-fire-in-already-overheated-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Growing odds of a hot, dry US summer raise the likelihood of a weather rally in corn and soybeans, which feed buyers should price into spring purchasing.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | -0.9% | +6.0% |
| CORN | 2021-11-30 | [La Niña Has Been Confirmed in Brazil \| CZ app](https://feedsoft.ai/events/43975-la-nina-has-been-confirmed-in-brazil-cz-app.md) | +6.2% | +3.1% |
| CORN | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | -0.2% | -2.1% |
| CORN | 2022-05-19 | [Late planting in Midwest could mean lower yields in fall - Marketplace](https://feedsoft.ai/events/13364-late-planting-in-midwest-could-mean-lower-yields-in-fall-marketplace.md) | -0.6% | -2.2% |
| CORN | 2021-01-04 | [La Nina to take hold of agri markets in 2021  - The HinduBusinessLine](https://feedsoft.ai/events/5000-la-nina-to-take-hold-of-agri-markets-in-2021-the-hindubusinessline.md) | +5.3% | +17.8% |
| SOY | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | -0.3% | +2.6% |
| SOY | 2022-05-19 | [Late planting in Midwest could mean lower yields in fall - Marketplace](https://feedsoft.ai/events/13364-late-planting-in-midwest-could-mean-lower-yields-in-fall-marketplace.md) | +1.1% | +2.8% |
| SOY | 2022-10-24 | [Soybean crush margins: An overview - Fastmarkets](https://feedsoft.ai/events/14000-soybean-crush-margins-an-overview-fastmarkets.md) | -0.6% | +2.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/la-ni-a-could-spark-fire-in-already-overheated-markets

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