# El Niño / La Niña Update - June 2018

> The WMO reports that ENSO-neutral conditions currently prevail in the tropical Pacific. Most forecast models suggest neutral conditions through the third quarter, with a possible gradual warming toward weak El Niño levels by the fourth quarter. The agency notes that long-lead forecasts carry substantial uncertainty.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/64457-el-nino-la-nina-update-june-2018
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A possible El Niño later in 2018 raises the risk of drier conditions in Australia, Southeast Asia and parts of South America, which could affect crop supplies later in the year. Current neutral conditions give little near-term price impetus.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-13 | [El Niño/La Niña Update (May 2021)](https://feedsoft.ai/events/46985-el-nino-la-nina-update-may-2021.md) | -7.7% | -2.2% |
| CORN | 2020-05-28 | [El Niño / La Niña Update (May 2020)](https://feedsoft.ai/events/53044-el-nino-la-nina-update-may-2020.md) | +1.0% | +1.7% |
| CORN | 2019-08-20 | [El Niño/La Niña Update (August 2019)](https://feedsoft.ai/events/57495-el-nino-la-nina-update-august-2019.md) | +1.3% | +1.3% |
| CORN | 2026-08-26 | [El Niño/La Niña Update (August 2026)](https://feedsoft.ai/events/17828-el-nino-la-nina-update-august-2026.md) | +3.3% | +5.7% |
| CORN | 2022-03-01 | [El Niño / La Niña Update - February 2022](https://feedsoft.ai/events/42192-el-nino-la-nina-update-february-2022.md) | +4.7% | +12.1% |
| SOY | 2021-05-13 | [El Niño/La Niña Update (May 2021)](https://feedsoft.ai/events/46985-el-nino-la-nina-update-may-2021.md) | -7.4% | -7.0% |
| SOY | 2020-05-28 | [El Niño / La Niña Update (May 2020)](https://feedsoft.ai/events/53044-el-nino-la-nina-update-may-2020.md) | +1.1% | +2.6% |
| SOY | 2019-08-20 | [El Niño/La Niña Update (August 2019)](https://feedsoft.ai/events/57495-el-nino-la-nina-update-august-2019.md) | -0.0% | +4.7% |

## Sources

- wmo.int: https://wmo.int/media/news/el-nino-la-nina-update-june-2018

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