# Southwest Climate Outlook El Niño Tracker - October 2018 | CLIMAS

> The CLIMAS Southwest Climate Outlook for October 2018 says ENSO-neutral conditions persist but forecasts from JMA, Australia's Bureau of Meteorology, NOAA and IRI point to El Niño forming by late 2018. Several agencies put the chance at around 70 to 75 percent.

- Date: 2018-10-19 · published 2018-10-19T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62474-southwest-climate-outlook-el-nino-tracker-october-2018-climas
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Consistent multi-agency forecasts raise confidence that El Niño will develop, which historically cuts Australian and Southeast Asian crop output. This supports firmer prices for palm oil and grains over the coming months.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-30 | [Seasonal climate outlook September - November 2018 \| Earth Sciences New Zealand \| NIWA](https://feedsoft.ai/events/63453-seasonal-climate-outlook-september-november-2018-earth-sciences-new-zealand-niwa.md) | +1.2% | -1.6% |
| PALMOIL | 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) | -0.9% | -9.6% |
| PALMOIL | 2024-09-27 | [Global Seasonal Climate Update for October-November-December 2024](https://feedsoft.ai/events/28231-global-seasonal-climate-update-for-october-november-december-2024.md) | +6.8% | +9.7% |
| PALMOIL | 2018-09-10 | [WMO El Niño/La Niña Update (September 2018) - World \| ReliefWeb](https://feedsoft.ai/events/62947-wmo-el-nino-la-nina-update-september-2018-world-reliefweb.md) | -1.2% | -2.4% |
| PALMOIL | 2026-09-02 | [Global Seasonal Climate Update - Target season: September-October-November 2026 - World \| ReliefWeb](https://feedsoft.ai/events/17394-global-seasonal-climate-update-target-season-september-october-november-2026.md) | -0.5% | -4.3% |
| CORN | 2018-03-06 | [Outlook for the 2018 growing season \| Climate and Agriculture in the Southeast](https://feedsoft.ai/events/65927-outlook-for-the-2018-growing-season-climate-and-agriculture-in-the-southeast.md) | +2.7% | +5.3% |
| CORN | 2022-10-13 | [October 2022 La Niña update: snack size \| NOAA Climate.gov](https://feedsoft.ai/events/39022-october-2022-la-nina-update-snack-size-noaa-climate-gov.md) | +1.6% | -1.2% |
| CORN | 2018-08-30 | [Seasonal climate outlook September - November 2018 \| Earth Sciences New Zealand \| NIWA](https://feedsoft.ai/events/63453-seasonal-climate-outlook-september-november-2018-earth-sciences-new-zealand-niwa.md) | +2.0% | +4.0% |

## Sources

- climas.arizona.edu: https://climas.arizona.edu/news/southwest-climate-outlook-el-nino-tracker-october-2018

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