By Angus Brown | Source: ABS, CME, ASX
Last week the Bureau of Meteorology issued their ENSO wrap up and caused a kerfuffle with the statement that “the chance of an El Nino occurring in 2014 has increased”. This, as most growers well know, can have a devastating effect on rainfall and grain production over the winter and spring in much of eastern Australia. This is concerning for both producers and consumers of grain.
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