# ENSO changes may inject some life back in grain markets | Bakingbusiness.com | March 17, 2017 18:52 | Baking Business

> A Baking Business column says some computer models now show El Niño returning later in 2017, which could bring drier weather to Southern Asia and raise U.S. Midwest dryness concerns in summer. It also notes that recent rains eased dryness in the US Southeast and Plains and that grain futures have been subdued.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/72420-enso-changes-may-inject-some-life-back-in-grain-markets-bakingbusiness-com
- 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

Early signs of El Niño could bring dryness to Asian crops and some speculation about the US Midwest in summer, which can support grain prices, but the signal is still tentative.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-31 | [Squeezing futures market dollars from a large South America crop \| Bakingbusiness.com \| March 02, 2017 14:39 \| Baking Business](https://feedsoft.ai/events/72930-squeezing-futures-market-dollars-from-a-large-south-america-crop-bakingbusiness.md) | -0.5% | +0.1% |
| CORN | 2026-06-02 | [Chicago grain falls as US weather lifts crop outlook - Markets - Business Recorder](https://feedsoft.ai/events/10648-chicago-grain-falls-as-us-weather-lifts-crop-outlook-markets-business-recorder.md) | -4.9% | -8.5% |
| CORN | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +10.5% | +8.1% |
| CORN | 2018-05-17 | [Market Perspectives - May 17, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8711-market-perspectives-may-17-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +1.3% | -4.2% |
| CORN | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +4.2% | -1.8% |
| SOY | 2017-01-31 | [Squeezing futures market dollars from a large South America crop \| Bakingbusiness.com \| March 02, 2017 14:39 \| Baking Business](https://feedsoft.ai/events/72930-squeezing-futures-market-dollars-from-a-large-south-america-crop-bakingbusiness.md) | +1.3% | +0.2% |
| SOY | 2026-06-02 | [Chicago grain falls as US weather lifts crop outlook - Markets - Business Recorder](https://feedsoft.ai/events/10648-chicago-grain-falls-as-us-weather-lifts-crop-outlook-markets-business-recorder.md) | -5.5% | -5.4% |
| SOY | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +0.6% | 0.0% |

## Sources

- bakingbusiness.com: https://www.bakingbusiness.com/articles/31750-enso-changes-may-inject-some-life-back-in-grain-markets

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