El Niño conditions are officially underway, according to the CPC.
What does Relative Niño 3.4 indicate about US Corn Belt precipitation, maximum temperatures, and minimum temperatures during July in El Niño years?
Based on this analysis, Relative Niño 3.4 shows a limited July relationship with corn production-weighted precipitation, Tmax, and Tmin. The correlations are weak across all three variables, particularly compared to other climate indices.
For July, indices such as NPM (North Pacific Mode) and ABNA (Asian-Bering-North American), among others, show stronger relationships with Corn Belt precipitation and temperature variability than Relative Niño 3.4.
For grain traders, the data support evaluating multiple climate drivers when assessing Corn Belt weather risk, rather than relying on market attention around El Niño alone.
#OOTT #AgWx #AgWeather #ElNino #ElNiño