Commodities and Futures News

US forecaster sees 59% chance of La Nina developing between Nov 2024-Jan 2025

1 week ago

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2024.12.12 09:44

US forecaster sees 59% chance of La Nina developing between Nov 2024-Jan 2025

(Reuters) – There is a 59% chance of La Nina emerging from November 2024 to January 2025, with a transition to ENSO-Neutral most likely by March-May 2025, a U.S. government forecaster said on Thursday.

La Nina is a phenomenon characterized by unusually cold ocean temperatures in the equatorial Pacific region and is linked to floods and drought.

1 week ago

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