# June 2020 ENSO update: pet projects | NOAA Climate.gov

> NOAA's June 2020 ENSO update says tropical Pacific sea surface temperatures have dropped rapidly over recent weeks. The CPC/IRI forecast gives about a 60% chance of neutral through summer and roughly 45% each for neutral and La Niña in fall and winter, with El Niño about 10%.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/52523-june-2020-enso-update-pet-projects-noaa-climate-gov
- 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

A probable shift toward La Niña later in 2020 would be relevant for Southern Hemisphere crop prospects and US weather risk. The forecast is near even odds, so it is a background factor for feed-grain pricing.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-12 | [March 2020 ENSO update: puzzle time \| NOAA Climate.gov](https://feedsoft.ai/events/54058-march-2020-enso-update-puzzle-time-noaa-climate-gov.md) | -7.4% | -3.7% |
| CORN | 2022-06-09 | [June 2022 ENSO update: how does your garden grow? \| NOAA Climate.gov](https://feedsoft.ai/events/40857-june-2022-enso-update-how-does-your-garden-grow-noaa-climate-gov.md) | -1.6% | -0.5% |
| CORN | 2022-05-12 | [May 2022 ENSO update: piece of cake \| NOAA Climate.gov](https://feedsoft.ai/events/41332-may-2022-enso-update-piece-of-cake-noaa-climate-gov.md) | -0.3% | -0.9% |
| CORN | 2024-11-14 | [November 2024 ENSO update: ask me anything \| NOAA Climate.gov](https://feedsoft.ai/events/27324-november-2024-enso-update-ask-me-anything-noaa-climate-gov.md) | +0.2% | +0.4% |
| CORN | 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) | +3.2% | +13.8% |
| SOY | 2020-03-12 | [March 2020 ENSO update: puzzle time \| NOAA Climate.gov](https://feedsoft.ai/events/54058-march-2020-enso-update-puzzle-time-noaa-climate-gov.md) | -4.9% | -1.5% |
| SOY | 2022-06-09 | [June 2022 ENSO update: how does your garden grow? \| NOAA Climate.gov](https://feedsoft.ai/events/40857-june-2022-enso-update-how-does-your-garden-grow-noaa-climate-gov.md) | -2.7% | -6.3% |
| SOY | 2022-05-12 | [May 2022 ENSO update: piece of cake \| NOAA Climate.gov](https://feedsoft.ai/events/41332-may-2022-enso-update-piece-of-cake-noaa-climate-gov.md) | +0.8% | +7.2% |

## Sources

- content-drupal.climate.gov: https://content-drupal.climate.gov/news-features/blogs/enso/june-2020-enso-update-pet-projects

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