# Australia La Nina Comments

> The Australian Bureau of Meteorology has raised its ENSO Outlook to La Niña Alert, with about a 70% chance of La Niña forming. Models suggest the event will be weak and short-lived, unlike the strong 2010-12 La Niña. Tropical Pacific sea surface temperatures are just shy of La Niña thresholds.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67912-australia-la-nina-comments
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A weak, short event is unlikely to cause major crop losses in Australia or elsewhere, so it has limited price impact. Any drought that does develop would matter most for wheat and barley.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-27 | [Models Agree on Brief La Nina](https://feedsoft.ai/events/68371-models-agree-on-brief-la-nina.md) | -4.0% | -5.9% |
| WHEAT | 2021-05-19 | [Australian winter crop around 70pc planted - Grain Central](https://feedsoft.ai/events/47054-australian-winter-crop-around-70pc-planted-grain-central.md) | -2.8% | +2.2% |
| WHEAT | 2024-06-27 | [Australia: June rain gets national winter crop out of trouble for now](https://feedsoft.ai/events/29708-australia-june-rain-gets-national-winter-crop-out-of-trouble-for-now.md) | -2.2% | +4.2% |
| WHEAT | 2019-08-20 | [El Niño/La Niña Update (August 2019)](https://feedsoft.ai/events/57495-el-nino-la-nina-update-august-2019.md) | +2.0% | +0.3% |
| WHEAT | 2024-04-10 | [Winter-crop plant off to patchy start across Australia - Grain Central](https://feedsoft.ai/events/30668-winter-crop-plant-off-to-patchy-start-across-australia-grain-central.md) | -0.4% | -0.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/ag-weather-forum/blog-post/2017/11/24/australia-la-nina-comments

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