
Scientists expect a very strong El Niño this fall and winter, with NOAA giving a greater than 90 percent chance of a very strong event. Wisconsin is forecast to see a warmer fall and winter, and it is already abnormally dry with more than 42 percent in severe drought.
A strong El Niño typically shifts global weather patterns, which can affect crop conditions in exporting regions and add uncertainty to grain and feed prices over the coming seasons.
After 2,467 past weather events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.