# IRI – International Research Institute for Climate and Society | 2019 April Quick Look

> The IRI April 2019 ENSO update says tropical Pacific sea surface temperatures held at weak El Niño levels in March and early April. The official CPC/IRI outlook gives about a 65% chance of El Niño prevailing in June-August, falling to 50-55% for September-November.

- Date: 2019-04-19 · published 2019-04-19T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/59509-iri-international-research-institute-for-climate-and-society-2019-april-quick
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Persistent El Niño raises the risk of dry weather in Southeast Asia, Australia and Southern Africa, which can cut crop output and support grain and oilseed prices. The signal is still weak, so the price effect is limited for now.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-19 | [IRI – International Research Institute for Climate and Society \| 2019 June Quick Look](https://feedsoft.ai/events/58501-iri-international-research-institute-for-climate-and-society-2019-june-quick.md) | +1.3% | -1.6% |
| CORN | 2022-07-19 | [IRI – International Research Institute for Climate and Society \| July 2022 Quick Look](https://feedsoft.ai/events/40389-iri-international-research-institute-for-climate-and-society-july-2022-quick.md) | -9.0% | -1.2% |
| CORN | 2018-10-19 | [IRI – International Research Institute for Climate and Society \| 2018 October Quick Look](https://feedsoft.ai/events/62470-iri-international-research-institute-for-climate-and-society-2018-october-quick.md) | -2.9% | -6.2% |
| CORN | 2018-02-19 | [IRI – International Research Institute for Climate and Society \| 2018 February Quick Look](https://feedsoft.ai/events/66417-iri-international-research-institute-for-climate-and-society-2018-february.md) | -0.1% | +4.4% |
| CORN | 2017-10-19 | [IRI – International Research Institute for Climate and Society \| 2017 October Quick Look](https://feedsoft.ai/events/68373-iri-international-research-institute-for-climate-and-society-2017-october-quick.md) | +0.4% | -5.5% |
| WHEAT | 2019-03-19 | [IRI – International Research Institute for Climate and Society \| 2019 March Quick Look](https://feedsoft.ai/events/60007-iri-international-research-institute-for-climate-and-society-2019-march-quick.md) | +1.7% | -1.5% |
| WHEAT | 2019-06-19 | [IRI – International Research Institute for Climate and Society \| 2019 June Quick Look](https://feedsoft.ai/events/58501-iri-international-research-institute-for-climate-and-society-2019-june-quick.md) | +7.3% | -3.0% |
| WHEAT | 2019-01-19 | [IRI – International Research Institute for Climate and Society \| 2019 January Quick Look](https://feedsoft.ai/events/61019-iri-international-research-institute-for-climate-and-society-2019-january-quick.md) | +3.3% | +2.1% |

## Sources

- iri.columbia.edu: https://iri.columbia.edu/our-expertise/climate/forecasts/enso/2019-april-quick-look/

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