Close Menu
    What's Hot

    12 Pitch Decks Startup Founders 25 and Under Used to Raise Millions

    March 14, 2026

    BlackRock Just Launched a Staked ETH ETF — Is Wall Street About to Pile In?

    March 14, 2026

    Alex Karp: AI Is Bad News for ‘Mostly Democratic Voters’

    March 14, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Markets»Futures & Commodities»US forecaster sees higher chance of La Nina conditions this summer By Reuters
    Futures & Commodities

    US forecaster sees higher chance of La Nina conditions this summer By Reuters

    Press RoomBy Press RoomMarch 14, 2024No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (Reuters) – A U.S. government weather forecaster projects El Nino conditions will likely end by spring this year but saw a 62% chance that a weather pattern characterized by unusually cold temperatures in the Pacific Ocean, La Nina, will develop during June-August.

    There is an 83% chance that a transition from El Nino to ENSO-neutral is likely to occur by April-June 2024, followed by a shift to La Nina, National Weather Service’s Climate Prediction Center (CPC) said in a monthly forecast on Thursday.

    “Even though forecasts made through the spring season tend to be less reliable, there is a historical tendency for La Nina to follow strong El Nino events,” the CPC said.

    The ongoing El Nino weather pattern will continue to fuel above-average temperatures across the globe, the World Meteorological Organization (WMO) said last week.

    El Nino peaked in December and would go down as one of the five strongest in history, it said.

    Last year’s El Nino, which followed three La Nina years, saw hot and dry weather in Asia and heavier rains in parts of the Americas that boosted farm output prospects in Argentina and the southern U.S. Plains.

    India, the world’s biggest rice supplier, restricted exports of the staple following a poor monsoon, while wheat output in No.2 exporter Australia took a hit. Palm oil plantations and rice farms in Southeast Asia received less than normal rains.

    The high probability of a strong La Nina arriving this year has put grains farmers on alert in Argentina, where the climate phenomenon usually brings dry weather with lower rainfall.

    “With the El Nino phenomenon expected to end this year, 2025 might not have such a rosy beginning, while it will likely also increase the rains which feed the Panama canal and potentially ease congestion,” shipbroker Allied said in a note.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Oil steadies as markets weigh Russia sanctions and glut forecasts

    November 18, 2025

    Japan warns citizens in China about safety as diplomatic crisis deepens

    November 18, 2025

    Gold prices retreat on strong dollar amid Trump tariff uncertainty By Investing.com

    January 27, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    12 Pitch Decks Startup Founders 25 and Under Used to Raise Millions

    March 14, 2026

    BlackRock Just Launched a Staked ETH ETF — Is Wall Street About to Pile In?

    March 14, 2026

    Alex Karp: AI Is Bad News for ‘Mostly Democratic Voters’

    March 14, 2026

    BTC Hits Weekly High Despite US–Iran War Fears — What Do Bulls Know?

    March 14, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.