# El Niño looming | 2018-09-19 | World Grain

> Computer models suggest an El Niño event will begin evolving in September and could be significant during the Northern Hemisphere winter. Dryness persists in Europe, eastern Ukraine, Russia's Volga basin and Canada's Prairies, and recent rainfall has been below normal in eastern Australia, Indonesia, Malaysia, parts of India and the Philippines.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62946-el-nino-looming-2018-09-19-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Dry conditions in Australia, Indonesia and Malaysia threaten wheat, barley and canola in Australia and palm oil output in Southeast Asia, which could tighten supplies and support prices if El Niño strengthens.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-11 | [Drought lowers Australian grain forecast \| 2018-09-11  \| World Grain](https://feedsoft.ai/events/62987-drought-lowers-australian-grain-forecast-2018-09-11-world-grain.md) | -7.4% | -7.0% |
| WHEAT | 2019-09-30 | [Dryness impacting Argentine crops \| 2019-09-30  \| World Grain](https://feedsoft.ai/events/56912-dryness-impacting-argentine-crops-2019-09-30-world-grain.md) | +0.6% | -1.3% |
| WHEAT | 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) | +0.2% | -3.3% |
| WHEAT | 2020-10-19 | [Weather-hit crop means lower EU grains exports \| 2020-10-19  \| World Grain](https://feedsoft.ai/events/50573-weather-hit-crop-means-lower-eu-grains-exports-2020-10-19-world-grain.md) | +1.2% | -1.1% |
| WHEAT | 2017-04-28 | [WMO El Niño/La Niña Update, 28 April 2017 - World \| ReliefWeb](https://feedsoft.ai/events/71424-wmo-el-nino-la-nina-update-28-april-2017-world-reliefweb.md) | +2.4% | +1.5% |
| PALMOIL | 2023-03-09 | [Transition from La Niña to El Niño may be quick \| World Grain](https://feedsoft.ai/events/36755-transition-from-la-nina-to-el-nino-may-be-quick-world-grain.md) | -2.4% | -6.3% |
| 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 | 2017-04-28 | [WMO El Niño/La Niña Update, 28 April 2017 - World \| ReliefWeb](https://feedsoft.ai/events/71424-wmo-el-nino-la-nina-update-28-april-2017-world-reliefweb.md) | +0.7% | +4.0% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/10994-el-ni%C3%B1o-looming

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