Overview

• La Niña, characterized by cooler-than-normal ocean temperatures in the central and eastern equatorial Pacific, is linked to both floods and droughts.
• The phenomenon is expected to persist through the January-March period next year, with a 77% likelihood of continuing through winter.
• A weaker La Niña may result in less predictable winter weather patterns, particularly across North America.
• Agricultural sectors, especially in Argentina, Uruguay, and southeast Brazil, are at risk due to potential drought conditions.
• Brazilian soybean farmers could see a 14% increase in production for the 2024/2025 season, driven by expectations of more rain in the last quarter of the year.