date:May 25, 2016
al shift underway from El Nino weather patterns through to La Nina.
La Nina weather models are typically associated with hotter and dryer conditions for the key US spring cropping areas, and as a result, reduced agricultural output. This fear may drive pre-emptive buying from both speculative and commercial traders alike.
But the negative effect on US spring crops is far from established for this particular year. Mr Holaday is quick to note that projecting long-term weather is a dangerous