# July 2020 ENSO update: La Niña Watch!

> NOAA's Climate.gov July 2020 ENSO update says the tropical Pacific remains ENSO-neutral through summer, with a 50-55% chance of La Niña developing in fall and lasting through winter. NOAA issued a La Niña Watch, meaning forecasts favor La Niña within six months.

- Date: 2020-08-01 · published 2020-08-01T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/52034-july-2020-enso-update-la-nina-watch
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A possible La Niña raises the risk of drier conditions in parts of South America and wetter conditions in Southeast Asia, which can affect soybean, corn and palm oil supply later in the year and support prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-28 | [El Niño / La Niña Update (May 2020)](https://feedsoft.ai/events/53044-el-nino-la-nina-update-may-2020.md) | +1.1% | +2.6% |
| SOY | 2026-08-26 | [El Niño/La Niña Update (August 2026)](https://feedsoft.ai/events/17828-el-nino-la-nina-update-august-2026.md) | +6.4% | +7.3% |
| SOY | 2022-07-14 | [July 2022 La Niña update: comic timing \| NOAA Climate.gov](https://feedsoft.ai/events/40391-july-2022-la-nina-update-comic-timing-noaa-climate-gov.md) | -8.8% | +6.3% |
| SOY | 2021-10-14 | [October 2021 ENSO update: La Niña is here! \| NOAA Climate.gov](https://feedsoft.ai/events/44467-october-2021-enso-update-la-nina-is-here-noaa-climate-gov.md) | +4.2% | +0.7% |
| SOY | 2024-06-01 | [May 2024 ENSO update: we’re 10!](https://feedsoft.ai/events/30148-may-2024-enso-update-we-re-10.md) | -2.1% | -3.8% |
| CORN | 2020-05-28 | [El Niño / La Niña Update (May 2020)](https://feedsoft.ai/events/53044-el-nino-la-nina-update-may-2020.md) | +1.0% | +1.7% |
| CORN | 2026-08-26 | [El Niño/La Niña Update (August 2026)](https://feedsoft.ai/events/17828-el-nino-la-nina-update-august-2026.md) | +3.3% | +5.7% |
| CORN | 2022-07-14 | [July 2022 La Niña update: comic timing \| NOAA Climate.gov](https://feedsoft.ai/events/40391-july-2022-la-nina-update-comic-timing-noaa-climate-gov.md) | -12.5% | -12.4% |

## Sources

- climate.gov: https://www.climate.gov/news-features/blogs/enso/july-2020-enso-update-la-ni%C3%B1a-watch

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