# March 2020 ENSO update: puzzle time | NOAA Climate.gov

> NOAA's Climate Prediction Center says the tropical Pacific remains ENSO-neutral, with Niño3.4 at 0.4°C above average in February, just below the El Niño threshold. It estimates a 65% chance of neutral conditions this spring and 55% through summer.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/54058-march-2020-enso-update-puzzle-time-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

Neutral ENSO conditions reduce the risk of major drought or flood shocks to Southern Hemisphere and North American crops, which keeps the weather premium in grain and oilseed prices limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-11 | [June 2020 ENSO update: pet projects \| NOAA Climate.gov](https://feedsoft.ai/events/52523-june-2020-enso-update-pet-projects-noaa-climate-gov.md) | +1.0% | +5.3% |
| 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% |
| 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% |
| SOY | 2020-06-11 | [June 2020 ENSO update: pet projects \| NOAA Climate.gov](https://feedsoft.ai/events/52523-june-2020-enso-update-pet-projects-noaa-climate-gov.md) | +0.7% | +3.8% |
| 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% |
| SOY | 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) | -1.4% | -0.8% |

## Sources

- climate.gov: https://www.climate.gov/news-features/blogs/enso/march-2020-enso-update-puzzle-time

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