# El Nino Odds Favorable Through the Summer - ProAg

> NOAA's March 14 El Niño advisory shows a strong likelihood the conditions last through spring, with a better-than-average chance of persisting through summer. The US just had its wettest winter on record, and flooding has hit parts of the upper Midwest while only 22% of the country is in drought.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/60009-el-nino-odds-favorable-through-the-summer-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Farm Futures analysts expect El Niño summer and fall conditions to support above-normal US corn and soybean yields, which is bearish for prices, while warming could trim wheat output.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-20 | [Favorable Growing Season Forecast - ProAg](https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag.md) | -2.0% | -2.2% |
| CORN | 2017-01-11 | [Favorable Weather for South America](https://feedsoft.ai/events/72858-favorable-weather-for-south-america.md) | +0.0% | +1.3% |
| CORN | 2023-08-31 | [El Nino should benefit South American crops \| The Western Producer](https://feedsoft.ai/events/13634-el-nino-should-benefit-south-american-crops-the-western-producer.md) | +1.5% | -6.4% |
| CORN | 2021-06-14 | [Ahead of the Open - Pro Farmer](https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer.md) | -2.8% | -4.2% |
| CORN | 2016-11-18 | [Favorable weather outlook for South America - Brownfield Ag News](https://feedsoft.ai/events/73776-favorable-weather-outlook-for-south-america-brownfield-ag-news.md) | +2.1% | +4.0% |
| SOY | 2020-04-20 | [Favorable Growing Season Forecast - ProAg](https://feedsoft.ai/events/53482-favorable-growing-season-forecast-proag.md) | -0.0% | +0.7% |
| SOY | 2017-01-11 | [Favorable Weather for South America](https://feedsoft.ai/events/72858-favorable-weather-for-south-america.md) | +6.9% | +5.3% |
| SOY | 2023-08-31 | [El Nino should benefit South American crops \| The Western Producer](https://feedsoft.ai/events/13634-el-nino-should-benefit-south-american-crops-the-western-producer.md) | -2.6% | -5.8% |

## Sources

- proag.com: https://www.proag.com/news/el-nino-odds-favorable-through-the-summer/

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