The U.S. National Ocean and Atmospheric Administration (NOAA) is predicting a transition from an El Nino to a La Nina event by mid-2024. The effect of this change will be drier and hotter weather in the Midwest affected crop yields. The situation will become more clear in coming weeks and may be reflected in yield estimates in the May WASDE.
A description of the Southern Oscillation events may be retrieved by entering El Nino into SEARCH