# La Nina to take hold of agri markets in 2021  - The HinduBusinessLine

> An outlook piece says La Nina is already affecting weather across major growing regions, with dry conditions in South America and wet conditions in South and Southeast Asia, Canada and the US. Agricultural prices have risen in recent months on tighter supplies, weaker dollar and loose monetary policy. Firm prices are expected in the first half of 2021.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5000-la-nina-to-take-hold-of-agri-markets-in-2021-the-hindubusinessline
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Dry South American weather and adverse conditions in other origins threaten grain and oilseed supply, supporting corn, soybean, wheat and palm prices and raising feed input costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-01-04 | 5 | +7.6% | 3.1 | La Nina-driven dryness in South America threatens crop supply while a weaker dollar and loose monetary policy add price support, plausibly fueling the corn rally, though it is an outlook piece rather than a discrete shock so relevance is moderate. |
| CORN | 2021-01-04 | 1 | +5.1% | 3.1 | La Nina-related dryness in South America and tighter supplies, plus a weaker dollar and loose monetary policy, supported a bullish supply and sentiment backdrop that plausibly contributed to the corn rally, though this is a general outlook piece rather than a specific 1-day catalyst. |
| PALMOIL | 2021-01-04 | 1 | +7.9% | 7.7 | La Nina weather (dry South America, wet Southeast Asia) supports a firmer vegetable oil complex and bullish sentiment, though it is a general outlook. |
| CORN | 2021-01-05 | 5 | +8.4% | 2.9 | La Nina dryness in South America plus a weaker dollar and loose monetary policy supported a firm price outlook. |
| PALMOIL | 2021-01-06 | 5 | +11.7% | 2.8 | La Nina dryness in South America and wet Asia support tighter oilseed and palm supply and firm price expectations. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-11 | [La Nina may disrupt global food supply  - The HinduBusinessLine](https://feedsoft.ai/events/51042-la-nina-may-disrupt-global-food-supply-the-hindubusinessline.md) | +4.5% | +5.3% |
| CORN | 2026-10-27 | [From maize to coffee, El Nino likely to affect various crops across the world - The HinduBusinessLine](https://feedsoft.ai/events/17051-from-maize-to-coffee-el-nino-likely-to-affect-various-crops-across-the-world.md) | +0.0% | — |
| CORN | 2023-05-05 | [‘Developing’ El Nino may hit India’s maize, soya and rice output, says FAO   - The HinduBusinessLine](https://feedsoft.ai/events/35870-developing-el-nino-may-hit-india-s-maize-soya-and-rice-output-says-fao-the.md) | -0.2% | -7.5% |
| CORN | 2026-06-02 | [India cuts foodgrains output target amid below normal monsoon forecast - The HinduBusinessLine](https://feedsoft.ai/events/18741-india-cuts-foodgrains-output-target-amid-below-normal-monsoon-forecast-the.md) | -4.9% | -8.5% |
| CORN | 2026-01-13 | [The Year in Agribusiness: Mexico’s Agrifood Sector in 2025](https://feedsoft.ai/events/21000-the-year-in-agribusiness-mexico-s-agrifood-sector-in-2025.md) | +0.6% | +1.4% |
| SOY | 2020-09-11 | [La Nina may disrupt global food supply  - The HinduBusinessLine](https://feedsoft.ai/events/51042-la-nina-may-disrupt-global-food-supply-the-hindubusinessline.md) | +4.4% | +6.6% |
| SOY | 2021-03-10 | [Soyabean surge on CBOT sows hopes of higher oilseed crop in India - The HinduBusinessLine](https://feedsoft.ai/events/6560-soyabean-surge-on-cbot-sows-hopes-of-higher-oilseed-crop-in-india-the.md) | -1.2% | -2.3% |
| SOY | 2024-02-08 | [El Nino waning, La Nina to develop in second half of 2024](https://feedsoft.ai/events/31586-el-nino-waning-la-nina-to-develop-in-second-half-of-2024.md) | -1.6% | -2.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/la-nina-to-take-hold-of-agri-markets-in-2021/article33495123.ece

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