Forecasters say the developing El Niño could be the strongest since records began in 1950, with NOAA expected to designate it a super El Niño. The event is expected to split U.S. winter weather, bringing cooler, wetter conditions from California to Florida and warmer, drier conditions north of Interstate 80.
A strong El Niño shifting moisture away from the north while wetting the South could affect U.S. winter crop conditions and regional production, adding weather-driven uncertainty to feed grain and oilseed supplies.
After 449 past neutral weather events, Corn moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.