The chance of a La Nina in 2016 has increased in recent weeks, with climate models indicating a 50-per-cent possibility of the weather event emerging this year, the Australian Bureau of Meteorology (BOM) said on Tuesday.

The potential emergence of a La Nina comes as the strongest El Nino in nearly 20 years - which has been linked to serious crop damage, forest fires and flash floods - begins to subside.

La Nina is the opposite of the El Nino weather event that is characterized by warmer waters in the tropical Pacific. While a La Nina can be less damaging than El Nino, severe La Ninas are also linked to floods, droughts and hurricanes.

“Recent changes in the tropical Pacific Ocean and atmosphere, combined with current climate model outlooks, suggest the likelihood of La Nina in 2016 has increased to around 50 per cent,” the BOM said.

The bureau had previously indicated that a strong El Nino weather pattern would likely end in the second quarter of 2016 and a La Nina could follow.

Analysts say a La Nina could impact the supply of global grains, particularly wheat and corn - where the United States is the largest exporter of both crops. The weather event is associated with lower-than-average rainfalls over North America.

While global supplies are ample as of now, the only thing that could change that “would be a possible La Nina”, said Phin Ziebell, agribusiness economist, National Australia Bank.

Benchmark wheat prices fell to a more than five-year low last month and corn prices hit a 9-1/2-month low amid large world supplies.

Calvin comments:

In a Surprising change of weather this Monster El Nino Year Australia on March 10th, 2016 still experience peak temperature of hot summer month like 40 degree celcius on the thermometer.

And in another big surprising turn of even SNOW FELL IN APRIL 2016 in Northern China!! Those farmers who already sown their seeds in March have been wiped out by the froze. 

So El Nino has lengthen Summer into March for Australia and prolonged winter in China till April in the northern hemisphere.

THESE ARE SIGNS THAT EL NINO HAS CAUSED GREAT CHANGE TO EARTH'S WEATHER PATTERN

AND YOU CAN EXPECT LA NINA TO DO THE SAME.

These are the Reasons Why Calvin is bullish on CPO Futures!

Regards,

Calvin,

Singapore

STOP PRESS!

SEE THE EFFECTS OF LA NINA!

A shopkeeper tries to save belongings 

Source: Thu, 7 Apr 2016 12:49 PM