“Crops like soybean and cotton are under El Nino watch for being sown mainly in rainfed conditions,” K.K. Singh, the head of agricultural meteorology division of the Indian weather office, said in the Reuters article. “El Nino looms large over soybean areas of the central parts and cotton belts of the western and the northern regions.”

Dry conditions in Australia could pressure the country’s high protein wheat output as El Niño brings below-average winter and spring rainfall.

Additionally, while China usually dodges the brunt of the damage, dry weather could affect the country’s corn crops, according to Ma Wenfeng, analyst at Beijing Orient Agri-business Consultant Co.

Investors can also track these individual soft commodities through ETFs, including the Teucrium Corn Fund (NYSEArca: CORN), Teucrium Soybean Fund (NYSEArca: SOYB) and Teucrium Wheat Fund (NYSEArca: WEAT).

For more information on the commodities market, visit our commodity ETFs category.

Max Chen contributed to this article.