Sep 01, 2017 04:37 PM
The US commodity market has sort of forgotten how to act during the peak of hurricane season. This is due to lack of practice. Before Hurricane Harvey, the last Cat 3 storm to hit the mainland was Ike in 2008. One of the worse years in recent history was 2005, with Katrina, Rita and Wilma. The El Nino and La Nina weather patterns influence Atlantic hurricanes, with La Nina tending to magnify intensity while El Nino cuts them off due to equatorial air circulation patterns.