News

Ukraine: Scientists believe that the phenomenon of La Niña may last another year, and this will negatively affect crops

Wheat
Maize (Corn)
Soybean
Ukraine
Published Sep 16, 2022

Original content

The climatic phenomenon of La Niña may drag on for another year, for the third time in a row, which will increase uncertainty in the global agricultural markets, which are already suffering from unfavorable weather conditions in the main producing countries. Against the background of weather factors, prices for wheat, corn and soybeans remain very volatile with an upward trend. In the Northern Hemisphere, La Niña will continue with a probability of 91% in September-November and will decrease to 54% in January-March 2023. However, the countries of the Southern Hemisphere suffer the most from this phenomenon. La Niña brought drought to the south of the country, drastically reducing maize production in FY 2020/21 and the first maize crop in FY 2021/22, which is 21% of total production. Deficit rainfall significantly reduced soybean yields in FY 2019/20 and FY 2021/22 in southern states. Meteorologists predict that precipitation in the south will again be below normal in October and ...
Source: Graintrade
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