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Ongoing La Nina May Have Peaked -- Market Talk

30 Jan 2018 5:19 am

0519 GMT - A weak La Nina weather pattern continues in the Pacific Ocean but may have peaked in recent weeks, says Australia's weather bureau. Sea-surface temperatures in the central tropical Pacific have warmed slightly since late December, the bureau notes in an update, with most models now forecasting that La Nina will end starting in March. La Ninas typically bring more rainfall in Southeast Asia and eastern Australia but trigger drier weather in southern Brazil, eastern Argentina and the southern US, potentially affecting production of grains and oilseeds. But Australia's update says the weakness of the current La Nina should mean little impact on rainfall levels. (rob.taylor@wsj.com; @WSJRobTaylor)
 

(END) Dow Jones Newswires

January 30, 2018 00:19 ET (05:19 GMT)

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