Australia's Bureau of Meteorology says a mature La Niña remains active in the tropical Pacific and is near its peak. Models suggest a return to neutral ENSO conditions early in the southern hemisphere autumn, with cooler sub-surface waters easing.
A La Niña that is ending soon points to improving rainfall for South American crops later in the season, which could ease supply concerns. This is an indirect factor for feed grain prices.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.