Aussie Scientists: ENSO-Neutral Conditions Continue

Neutral conditions to continue into the first quarter of 2013.

The Australian Bureau of Meteorology says the tropical Pacific Ocean remains neutral - neither El Niño nor La Niña. All dynamical models surveyed by the bureau suggest that sea surface temperatures (SSTs) in the tropical Pacific will maintain in the neutral range for the remainder of 2012 and into the first quarter of 2013.

“The central to eastern Pacific has cooled somewhat over the past month, with SSTs now close to their long-term average. Atmospheric indicators of ENSO, such as the Southern Oscillation Index (SOI), trade winds and cloudiness near the Date Line have shown some fluctuations recently, but have also continued at neutral levels,” states the bureau. “Further falls are expected in the SOI over the coming days, as a result of the tropical weather system which spawned TC Evan.”


AgWeb-Logo crop
Related Stories
The row crop and cotton markets saw some early support Thursday from a rally in crude oil as doubts about the peace deal with Iran came into question.
Grains markets were mostly higher Thursday morning except hard red winter wheat following a bounce in crude oil says Mike Minor with Professional Ag Marketing.
Corn and wheat futures saw more fund selling and long liquidation end of month but it was triggered by war headlines. Chuck Shelby with Zaner Ag Hedge says those markets continue to remove risk premium.
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
Get News Daily
Get Market Alerts
Get News & Markets App