Year-class strength (YCS) in eastern Newfoundland stocks of capelin (Mallotus villosus), a beach spawning osmerid, during the interval 1966–78 was strongly influenced by onshore wind frequency during the period immediately following hatching (WIND) and water temperatures experienced during the subsequent period of larval drift (TEMPSUM). The exact form of the relationship was ln YCS = 16.10 − 0.19WIND + 0.19TEMPSUM, R2 = 0.58. Wind conditions subsequent to hatching are known to influence both the timing of larval emergence from the beach spawning beds and the physical condition of larvae at emergence. Our analysis suggests that the influence of wind on early larval survival is also strong. The role of water temperatures during drift may be indirect, operating via its influence on food production. This could operate by altering mortality rates due to starvation or by altering growth rates which would influence swimming performance, predator avoidance, and time to metamorphosis. The strong influence of these abiotic variables, independent of parent stock size, adds further support to the hypothesis that abiotic factors operating at critical periods in larval development may be more important than spawning stock biomass as regulators of year-class size. Our findings also suggest that these critical periods must be identified and quantified at time scales relevant to individual larvae if reliable forecasting of year-class strength is to be achieved. On the other hand, the large spatial scale of the effects suggests that the space scale of individual larvae is of lesser importance in such analyses.