# IRI – International Research Institute for Climate and Society | 2017 October Quick Look

> The IRI October 2017 Quick Look says the tropical Pacific is ENSO-neutral but near the threshold for weak La Niña, with the collection of models favoring weak La Niña in the Northern Hemisphere fall and winter. The official CPC/IRI outlook carries a La Niña Watch.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/68373-iri-international-research-institute-for-climate-and-society-2017-october-quick
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Models pointing to a weak La Niña during fall and winter keep a modest weather risk premium in the market for northern and southern hemisphere crops. The effect on feed grain prices is likely limited unless the event strengthens.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | -2.9% | -6.2% |
| CORN | 2020-10-19 | [IRI – International Research Institute for Climate and Society \| 2020 October Quick Look](https://feedsoft.ai/events/50564-iri-international-research-institute-for-climate-and-society-2020-october-quick.md) | +2.7% | +2.6% |
| CORN | 2021-10-19 | [IRI – International Research Institute for Climate and Society \| October 2021 Quick Look](https://feedsoft.ai/events/44471-iri-international-research-institute-for-climate-and-society-october-2021-quick.md) | +0.7% | +10.3% |
| CORN | 2018-11-19 | [IRI – International Research Institute for Climate and Society \| 2018 November Quick Look](https://feedsoft.ai/events/61967-iri-international-research-institute-for-climate-and-society-2018-november.md) | -1.4% | +8.5% |
| CORN | 2019-04-19 | [IRI – International Research Institute for Climate and Society \| 2019 April Quick Look](https://feedsoft.ai/events/59509-iri-international-research-institute-for-climate-and-society-2019-april-quick.md) | -1.1% | +2.5% |
| SOY | 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) | -2.5% | +2.9% |
| SOY | 2020-10-19 | [IRI – International Research Institute for Climate and Society \| 2020 October Quick Look](https://feedsoft.ai/events/50564-iri-international-research-institute-for-climate-and-society-2020-october-quick.md) | +3.2% | +8.7% |
| SOY | 2021-10-19 | [IRI – International Research Institute for Climate and Society \| October 2021 Quick Look](https://feedsoft.ai/events/44471-iri-international-research-institute-for-climate-and-society-october-2021-quick.md) | +1.3% | +2.9% |

## Sources

- iri.columbia.edu: https://iri.columbia.edu/our-expertise/climate/forecasts/enso/2017-october-quick-look/

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