It’s time to start watching natural gas, coffee and cocoa markets again — because a weather-changing El Niño could be arriving just in time for winter.
A weather pattern known as La Niña that has worsened drought conditions across the U.S. Great Plains has faded, according to the U.S. Climate Prediction Center. But it could be replaced late this year by one called El Niño, which often roils agriculture and energy markets around the world.
The average temperature across global land and ocean surfaces during 2017 was 1.51 degrees Fahrenheit (0.84 degrees Celsius) above the twentieth-century average, says a government report.
Brazil experienced wet conditions last week while wetness has eased in Argentina, according to USDA’s weekly International Weather and Crop Summary, part of the Weekly Weather and Crop Bulletin.