Category: weather
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El Niño Vs La Niña
Reminder! https://www.severe-weather.eu/long-range-2/el-nino-event-development-noaa-advisory-forecast-winter-weather-impact-united-states-canada-europe-fa/ Typically there is a phase change around every 1-3 years. El Niño anomaly is growing rapidly, with a strong seasonal impact already seen in the forecast as we head into Fall and Winter 2023/2024 Based on the latest data, NOAA has released an El Niño advisory showing a rapidly growing El Niño anomaly.…
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Germany kicking the can…
https://www.kob.com/news/business-money/german-government-puts-off-vote-on-a-contentious-heating-plan-until-september/ Germany’s governing coalition has delayed a vote on legislation aimed at encouraging the replacement of fossil fuel heating systems until September. The decision came after the country’s top court rejected plans to push the bill through parliament this week. The court’s ruling was an obstacle for Chancellor Olaf Scholz’s coalition, hampering its attempts to…
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More Rice Please…
https://www.reuters.com/markets/commodities/rice-get-costlier-weather-indias-farm-perks-threaten-supply-2023-07-06/ Rice prices are at their highest in 11 years and are expected to rise further due to several factors. India, which accounts for over 40% of global rice exports, has increased payments to farmers, leading to higher prices for rice. The El Nino weather pattern, which typically brings lower rainfall to Asia where rice…
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Soil and food for thought…
64% of corn acres and 57% of bean acres are now under drought stress however DEC corn futures are trading close to 9% lower than JUL corn and NOV bean futures are trading 14% lower than JUL beans.