Forget El Nino. La Nina May Turn Grain Markets Upside Down
- El Nino may flip to its opposite, bringing transformed climate
- La Nina risks dry, hot summer in U.S. Midwest, curbing yields
Why La Nina Is Better Than El Nino for Grain Markets
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Never mind El Nino. La Nina may be on the way next, bringing a chance for a rebound in U.S. grain prices that have been falling for three straight years.
If history is a guide, the El Nino weather pattern that’s thrown off averages for rain and heat around the world this year may shift gears to the phenomenon known as La Nina, and bring dry, hot weather to the growing areas of the U.S. Midwest.