# El Niño/La Niña Update (May 2021)

> The WMO reports that the 2020-2021 La Niña has concluded based on oceanic and atmospheric indicators. Neutral conditions are favored through boreal summer, with a 78% chance for May-July, falling to 55% for August-October.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/46985-el-nino-la-nina-update-may-2021
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

ENSO-neutral removes a La Niña drought risk for South America and the US Plains, which supports crop prospects and tempers the upward price pressure on corn, soy and wheat. Uncertainty about a return to La Niña or a move to El Niño later in the year keeps some risk premium in place.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-18 | [Weekly update - 18 May 2023 - DAFF](https://feedsoft.ai/events/35904-weekly-update-18-may-2023-daff.md) | -1.2% | -6.5% |
| WHEAT | 2025-03-18 | [Australian Crop Update – Week 12, 2025](https://feedsoft.ai/events/25547-australian-crop-update-week-12-2025.md) | -1.0% | -2.0% |
| WHEAT | 2024-02-08 | [La Niña in 2024 could drive grain prices: Grain market daily \| AHDB](https://feedsoft.ai/events/31588-la-nina-in-2024-could-drive-grain-prices-grain-market-daily-ahdb.md) | -4.2% | -1.8% |
| WHEAT | 2023-05-30 | [The spectre of El Niño - Mecardo](https://feedsoft.ai/events/35988-the-spectre-of-el-nino-mecardo.md) | -4.0% | +9.3% |
| WHEAT | 2018-12-14 | [El Nino is back – and may stick around](https://feedsoft.ai/events/61499-el-nino-is-back-and-may-stick-around.md) | +1.6% | +0.3% |
| SOY | 2022-03-01 | [El Niño / La Niña Update - February 2022](https://feedsoft.ai/events/42192-el-nino-la-nina-update-february-2022.md) | +1.8% | +1.2% |
| SOY | 2019-05-27 | [WMO El Niño/La Niña Update (May 2019) - World \| ReliefWeb](https://feedsoft.ai/events/59008-wmo-el-nino-la-nina-update-may-2019-world-reliefweb.md) | +5.9% | +9.6% |
| SOY | 2019-04-01 | [March 2019 El Niño Update: Think spring](https://feedsoft.ai/events/60008-march-2019-el-nino-update-think-spring.md) | +1.7% | -4.2% |

## Sources

- wmo.int: https://wmo.int/files/el-ninola-nina-update-may-2021
- yubanet.com: https://yubanet.com/scitech/may-2021-enso-update-bye-for-now-la-nina/

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