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Back into NAM as cotton prices are soaring again.from Zero hedgeThe US based National Weather Service's Climate Prediction Center as well as the Oz BOM have upped the chances of a threepeat La Nina event this year to 70%.Generally, these events signal more rain for the East Coast of Australia, and less rain for the west coast and mid west of the USA, so the droughts do not appear to be ending anytime soon.Mick
Back into NAM as cotton prices are soaring again.
from Zero hedge
The US based National Weather Service's Climate Prediction Center as well as the Oz BOM have upped the chances of a threepeat La Nina event this year to 70%.
Generally, these events signal more rain for the East Coast of Australia, and less rain for the west coast and mid west of the USA, so the droughts do not appear to be ending anytime soon.
Mick
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