While some atmospheric factors have displayed La Niña-like signals, ENSO-neutral conditions persist, according to the Australian Bureau of Meteorology. The bureau has issued the lowest level of La Niña watch, though its model suggests sea surface temps (SSTs) are likely to remain within ENSO-neutral thresholds through February. The bureau noted of the six other climate models studied, only one suggests SSTs in the tropical Pacific are likely to exceed the La Niña threshold in the December-February period and all models forecast neutral ENSO values by March. Therefore, if a La Niña event evolves, it will likely be modest and short-lived.
ENSO-Neutral Conditions Persist With Mild La Niña Watch
While some atmospheric factors have displayed La Niña-like signals, ENSO-neutral conditions persist, according to the Australian Bureau of Meteorology.
(Farm Journal )
Related Stories
Soybeans were sharply lower in the overnight trade and then saw a gap higher open during the day session on talk that China was in pricing U.S. soybeans says Brian Grete with Commstock Investments.
Vince Boddicker of Farmers Trading Company says while no sales have been confirmed, just the rumors of China in the U.S. market looking for bids brought buyers back into the market.
Grains saw nice reversals and closed higher on Monday, which was a victory considering the amount of bearish news the market had to absorb according to Kevin Duling with KD Investors.
Read Next
Promising new technologies are entering the market, but large-scale corn and soybean farmers often face a frustrating bottleneck.
