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drought stalks global food supply: must read!, page-20

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aimone

53,745 Posts.

60

03/09/15

01:40

Post #: 15924933
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Originally posted by heraclitus ↑

Sorry to be blunt (no offence intended) but short-term (e.g. 10-20 years) weather forecasting is bollocks!

Even Bureau predictions made with relative certainty in May/June relating to the Spring "finish" often completely miss the mark.

In all honesty, there wouldn't be a reputable trading/commodity house out there that trade their book based on 3, 5, 10, 20 year forecasts. If it happens - fine! You readjust your S&D, work it into your balance sheet and trade accordingly.

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the article merely compliments the original article on this thread, which was written some three years ago!
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