💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

La Nina weather 71% likely to develop in Sept-Nov, says US forecaster

Published 09/12/2024, 09:45 AM
Updated 09/12/2024, 09:53 AM
© Reuters. FILE PHOTO: A tero drinks water from a puddle in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro, in Buenos Aires province, Argentina December 5, 2022. REUTERS/Agustin Marcarian/File Photo

(Reuters) - There is a 71% chance of La Nina weather conditions developing during the September to November period, a U.S. government forecaster said on Thursday.

The weather conditions are expected to persist through the January-March period next year, the National Weather Service's Climate Prediction Center (CPC) said in its monthly forecast.

WHY IT'S IMPORTANT

La Nina, a climate pattern that begins with colder-than-normal ocean temperatures in the central and eastern equatorial Pacific, is linked to both floods and drought, as well as an increase in the frequency of hurricanes in the Caribbean.

La Nina is expected to bring less rain, worsening drought conditions which could affect agriculture globally.

CONTEXT

The cycle between El Nino, La Nina, and a neutral phase typically lasts two to seven years.

Earlier this week, Japan's weather bureau said that there was a 60% chance of a La Nina phenomenon occurring from now until winter in the Northern Hemisphere.

Brazilian soybean farmers could produce 14% more in the 2024/2025 season, compared with the previous one, a Reuters poll showed, as expectations of more rain in the last quarter of the year rise.

KEY QUOTES

© Reuters. FILE PHOTO: A tero drinks water from a puddle in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro, in Buenos Aires province, Argentina December 5, 2022. REUTERS/Agustin Marcarian/File Photo

"The agricultural and livestock sectors are clearly most at risk from the effects of La Niña with many of these areas key for the production for crops such as soybeans and corn," David Oxley, head of climate economics at Capital Economics said. 

"The typical La Nina may not materialize if the signal is weak. However, the main area to watch for dryness concerns and crop production reductions is the crop lands of Argentina, Uruguay and southeast Brazil during their summer," AccuWeather's lead international forecaster Jason Nicholls said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.