A Thomson Reuters Foundation article says early indications point to an El Niño event in the next three months, which could bring extreme weather and drought to agriculture. It focuses on smallholder farmers in developing countries and on technology aimed at helping them adapt.
The general El Niño risk warning adds to weather-driven supply concerns for feed grains and oilseeds, but the article offers no specific new production estimate.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.