Global Weather Patterns: La Nina and El Nino

The US forecaster predicts a 60% likelihood of La Nina developing in mid-2024, transitioning from El Nino to ENSO-neutral by April-June. Citi Research highlights potential impacts on storm formation in the Atlantic basin. Skymet anticipates a normal monsoon in India, while Maxar foresees favorable conditions for corn and soybean production in the US. Southern Africa faces severe drought, contrasting with Japan's 8% chance of El Nino ending in the upcoming northern hemisphere spring.