# El Nino developing as Western Canada recovers from drought - Grainews

> Glacier FarmMedia reports that Western Canada is recovering from drought, but El Niño could bring less snowfall and drier conditions into spring. Forecasters give El Niño about a 70% probability in Canada and note that its effects have often been smaller than expected in recent years.

- Date: 2018-11-05 · published 2018-11-05T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61973-el-nino-developing-as-western-canada-recovers-from-drought-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Drier conditions on the Prairies in 2019 could cut canola and wheat yields and tighten supplies of canola meal and feed grains. The risk is real but uncertain, so the price effect is limited for now.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-22 | [Record grain harvest potential for Western Australian farmers as prices spike on east coast drought - ABC News](https://feedsoft.ai/events/63501-record-grain-harvest-potential-for-western-australian-farmers-as-prices-spike.md) | +1.0% | -0.6% |
| WHEAT | 2023-12-13 | [Zimbabwe forecasts huge grain deficit amid El Nino-induced drought \| Reuters](https://feedsoft.ai/events/32485-zimbabwe-forecasts-huge-grain-deficit-amid-el-nino-induced-drought-reuters.md) | +1.9% | +2.9% |
| WHEAT | 2023-01-21 | [Argentine government, farm exporters seek relief from historic drought](https://feedsoft.ai/events/13987-argentine-government-farm-exporters-seek-relief-from-historic-drought.md) | -3.1% | -0.1% |
| WHEAT | 2018-10-10 | [Eastern drought pushes Australian winter crop forecast lower - Grain Central](https://feedsoft.ai/events/62503-eastern-drought-pushes-australian-winter-crop-forecast-lower-grain-central.md) | +8.2% | +4.5% |
| WHEAT | 2021-02-22 | [Continued Plains, Western Midwest Drought Expected](https://feedsoft.ai/events/48478-continued-plains-western-midwest-drought-expected.md) | +0.7% | -0.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/el-nino-developing-as-western-canada-recovers-from-drought/

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