A Dive into El-Nino La-Nina Forecasts
Other than monitoring supply and demand trends and geopolitical developments, the one thing us commodities traders all watch like a hawk – weather. Weather phenomenon like the El Niño Southern Oscillation (ENSO) cycle, have a global impact that determines the fate of both production and logistics. In this article, we dive deep into analysing the strength of ENSO forecasts, and discuss its significance in predicting El Niño/ La-Niña occurrences.