(Bloomberg) – U.S. forecasters have dropped the odds a weather-roiling La Niña that can dry up crops in Brazil and trigger more Atlantic hurricanes will form by the end of 2016, but still believe it will happen.
Forecasters say there is a 55% to 60% chance La Niña will form by the northern hemisphere's winter, down from 75% last month, the U.S. Climate Prediction Center said, in a report Thursday. A La Niña watch is still in place.
|La Niña global impacts
In the past, La Niña conditions have led to droughts across southern Brazil, a major soy bean producer, and heavy rains in Malaysia that can make harvesting palm oil crops difficult. In the U.S., the phenomenon has brought cooler winters boosting natural gas demand.
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