IRI – International Research Institute for Climate and Society | May Climate Briefing: Neutral Conditions are Here

After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.

• Mar 19, 2019IRI – International Research Institute for Climate and Society | 2019 March Quick Look-0.3%
• Dec 19, 2018IRI – International Research Institute for Climate and Society | 2018 December Quick Look-0.4%
• Jul 10, 2025Climate Prediction Center sees 56% chance of ENSO neutral conditions in August-October-1.0%
• Dec 11, 2025La Niña to fade early next year, neutral Pacific conditions likely, U.S. forecasters say - AgCanada+0.5%
• Jan 23, 2020Favourable growing conditions forecast for major ag regions - Grainews-1.0%

After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.

• Mar 19, 2019IRI – International Research Institute for Climate and Society | 2019 March Quick Look+0.1%
• Dec 19, 2018IRI – International Research Institute for Climate and Society | 2018 December Quick Look-4.2%
• Jul 10, 2025Climate Prediction Center sees 56% chance of ENSO neutral conditions in August-October+0.1%
• Dec 11, 2025La Niña to fade early next year, neutral Pacific conditions likely, U.S. forecasters say - AgCanada-3.0%
• Jan 23, 2020Favourable growing conditions forecast for major ag regions - Grainews-2.3%