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NOAA Climate.gov published an educational piece ahead of a tweet chat on El Niño and La Niña and the ENSO cycle. It explains that these phases recur every two to seven years and can disrupt temperature, precipitation and winds worldwide.
The article is general background on ENSO with no new forecast or event, so it has no direct supply or price implication for feed markets.
climate.govTom Di LibertoJun 1, 2021After 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, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
