Browning Newsletter on Climate: Exit La Niña
My thanks to Alex Seagle of Fraser Asset Management, publishers of this fascinating letter written by Evelyn Browning Garriss. Here are bullet points for the main features:
In this issue
o The La Niña should fade away by late May or early June. Most models expect the Pacific to be neutral for the rest of 2011.
o The retreating La Niña should bring floods and delayed planting in the US grain belt and drought throughout the South.
o The summer outlook is for normal to above normal crop production for the US grain belt.
o The Pacific has reached a tipping point, where the Pacific Decadal Oscillation has turned negative, producing major changes in the world's, particularly the Northern Hemisphere's, precipitation patterns.
o These changes have, over the past two phase changes, produced spikes in food and oil prices, particularly for wheat, corn and soybeans.
See charts on pages 6&7
David Fuller's view A number of subscribers, not least those who are interested in the outlook for agricultural commodities, have told me that the Browning Newsletter is indispensable.
I agree.