not sure if anyone is interested but weather forecast for the 2009 growing season has turned a little grim. possibly positive for grain prices but not particularly good for GNC, ABB, AWB and others.
'ENSO forecast: A strong El Nino would occur. IOD forecast: A weak positive IOD would appear, probably in response to the strong El Nino. Related with the strong El Nino and weak positive IOD, Australia would have dry ad hot boreal summer and fall. India would have poor monsoon.'
source: Japan Agency for Marine-Earth Science and Technology (JAMSTEC) http://www.jamstec.go.jp/frsgc/research/d1/iod/
'below average rainfall is the most likely outcome across much of Australia for the next three months'
source: Department of Ag (WA) http://www.agric.wa.gov.au/objtwr/imported_assets/aboutus/pubns/gso/gsojune2009.pdf
none of these have been 100% accurate but when a consensus forms it adds weight.
