La Nina is expected to damage the agriculture markets relying on South American crops

According to the US Climate Prediction Center, La Niña appears to have emerged across the equatorial Pacific. Its onset this season could hurt agriculture markets relying on South American crops. La Niña continues as the Northern Hemisphere heads into winter, and forecasters are confident that it will hang around through the rest of the winter. This La Niña, the second in two years, will likely transition to ENSO-neutral sometime in the spring