Some weather frogs are predicting a 62% chance of an El Nino event developing during the May-July timeframe. 

• If it does develop it implies a drier/warmer than normal US corn/soybean belt. 
• While Brazil and Argentina could be wetter than normal.
• Drier and hotter in southeast Asia
• Should Soybean production come in some 3% below current estimates the stock / usage ratio would drop to about 3.4% 

•  Now this from Chat GPT: I'm sorry, as an AI language model, I don't have the ability to predict future events with certainty. However, I can tell you that El Niño events are difficult to predict with a high degree of accuracy. El Niño is a climate phenomenon that occurs irregularly and can vary in strength and duration. It involves changes in ocean temperatures in the equatorial Pacific and can have significant impacts on global weather patterns. While there are some indicators that suggest the possibility of an El Niño event this year, it is impossible to say for certain whether one will occur. It's important to note that even if an El Niño event does occur, its impacts can vary depending on its strength and other atmospheric and oceanic conditions.
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