# IRI – International Research Institute for Climate and Society | May Climate Briefing: El Niño Odds Down Slightly

> The IRI May climate briefing reports that central equatorial Pacific sea-surface temperature anomalies rose slightly to +0.4 to +0.5C, a borderline neutral-to-weak El Nino state. Key atmospheric signals such as weakened trade winds have not yet appeared, so the NOAA ENSO alert remains inactive.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/70913-iri-international-research-institute-for-climate-and-society-may-climate
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

El Nino odds easing slightly reduce the near-term risk of drought in Australia, Southeast Asia and India that could tighten wheat, corn and rice supplies. The effect on prices is modest because the forecast remains uncertain.

## Read by commodity

- CORN: neutral
- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-24 | [IRI – International Research Institute for Climate and Society \| July Climate Briefing: El Niño Odds Continue Downward Trend](https://feedsoft.ai/events/69873-iri-international-research-institute-for-climate-and-society-july-climate.md) | -2.5% | +0.0% |
| WHEAT | 2017-06-19 | [IRI – International Research Institute for Climate and Society \| June Climate Briefing: El Niño Odds Continue Downward Trend](https://feedsoft.ai/events/70405-iri-international-research-institute-for-climate-and-society-june-climate.md) | -0.7% | -1.2% |
| WHEAT | 2019-11-01 | [IRI – International Research Institute for Climate and Society \| October Climate Briefing: El Niño Remains Neutral](https://feedsoft.ai/events/55983-iri-international-research-institute-for-climate-and-society-october-climate.md) | -0.2% | +8.0% |
| WHEAT | 2020-10-23 | [IRI – International Research Institute for Climate and Society \| October Climate Briefing: La Niña Comes Knocking](https://feedsoft.ai/events/50562-iri-international-research-institute-for-climate-and-society-october-climate.md) | -0.1% | -4.5% |
| WHEAT | 2018-04-30 | [IRI – International Research Institute for Climate and Society \| April Climate Briefing: La Niña Transitions Out, Neutral Next](https://feedsoft.ai/events/65444-iri-international-research-institute-for-climate-and-society-april-climate.md) | +2.6% | +2.8% |
| CORN | 2017-07-24 | [IRI – International Research Institute for Climate and Society \| July Climate Briefing: El Niño Odds Continue Downward Trend](https://feedsoft.ai/events/69873-iri-international-research-institute-for-climate-and-society-july-climate.md) | -0.9% | -5.6% |
| CORN | 2017-08-24 | [IRI – International Research Institute for Climate and Society \| August Climate Briefing: No Niño or Niña on Horizon](https://feedsoft.ai/events/69373-iri-international-research-institute-for-climate-and-society-august-climate.md) | -3.1% | +0.7% |
| CORN | 2018-04-30 | [IRI – International Research Institute for Climate and Society \| April Climate Briefing: La Niña Transitions Out, Neutral Next](https://feedsoft.ai/events/65444-iri-international-research-institute-for-climate-and-society-april-climate.md) | +1.4% | +3.8% |

## Sources

- iri.columbia.edu: https://iri.columbia.edu/news/may-climate-briefing-el-nino-odds-down-slightly/

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