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USDA pegged U.S. corn yield at 174.9 bushels per acre, up from 173 last month and above nearly all estimates, which on average predicted a slight increase. It was the most bearish corn yield in a November report since 2017. That could negatively impact Brazil’s second corn production, as was the case after the 2015-16 El Nino, rerouting corn demand to the United States. USDA left Brazil’s 2023-24 soy crop unchanged at 163 million metric tons this month, but it raised the prior crop by 2 million tons to 158 million, suggesting exports are outperforming prior crop expectations. However, USDA has flashed 2.85 million tons (105 million bushels) of U.S. soybean sales so far this week, mostly to China and unknown destinations.
Persons: Dane Rhys, El, Karen Braun, Matthew Lewis Organizations: REUTERS, Rights, U.S . Department, USDA, El Nino, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Brazil, United States, China
A temperature display reading 99 degrees Fahrenheit (37.2 degrees Celsius) in Houston, Texas, on June 21, 2023. “October 2023 has seen exceptional temperature anomalies, following on from four months of global temperature records being obliterated,” Samantha Burgess, deputy director of Copernicus, said in a statement. Every month since June has smashed monthly heat records and every month since July has been at least 1.5 degrees Celsius above pre-industrial levels. The year to-date is averaging 1.43 degrees Celsius above pre-industrial levels, according to Copernicus — perilously close to the internationally agreed ambition to limit global warming to 1.5 degrees Celsius. China saw more than 12 monthly temperature records broken on Monday, with temperatures reaching 34 degrees Celsius (93 Fahrenheit) in some places.
Persons: ” David Reay, Niño, ” Andrew Pershing, , Chen Chen, Samantha Burgess, Copernicus, ” Hannah Cloke, Hurricane Otis, ” Reay, it’s what’s, Friederike Otto, , “ El Niño, ” Pershing, ” CNN’s Robert Shackelford, Sara Tonks, Brandon Miller Organizations: CNN, University of Edinburgh, Climate, University of Reading, Hurricane, Southern, Grantham Institute, Imperial College London, UN Locations: Edinburgh, India, United States, South, Southwest, Houston, Iceland, Lesotho, Houston , Texas, Xinhua, Southern Mexico, China, Texas, Dubai, Paris
LIMA, Nov 9 (Reuters) - Peru's government on Thursday announced a package of more than two dozen new measures aimed at boosting investments in the Andean nation, which has been hit by a recession. Economy Minister Alex Contreras said the measures included moves to attract investments to the country's critical mining sector and boosting mining production. 2 copper producer slid into recession this year due to the El Nino weather phenomenon, lower private investment and lingering effects from earlier social conflicts. With the fresh stimulus, Peru's economy will still be able to hold the country's fiscal deficit to its goal of 2.4% of GDP this year, Contreras said. "We're looking to create a jolt of confidence, for the private sector to understand that the government is committed to reactivating the economy," he said.
Persons: Alex Contreras, Contreras, Marco Aquino, Brendan O'Boyle, Kylie Madry, Alexander Smith, Sandra Maler Organizations: El, Thomson Locations: LIMA
A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. The bank's third consecutive cut comes as the rate of rising consumer prices has been coming down. But the latest decision to cut rates does not necessarily imply a cycle of successive rate reductions, the monetary authority said in a statement. It added that future adjustments to the key lending rate "will be conditioned on new information on inflation and its determinants." Earlier on Thursday, Peru's government announced a package of measures aimed at boosting investments in the country's critical mining sector.
Persons: Mariana Bazo, El, Peru's, Alex Contreras, Marco Aquino, David Alire Garcia, Matthew Lewis Organizations: Central Reserve Bank of, REUTERS, Rights, El Nino, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Lima
Australia records driest October since 2002 due to El Nino
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
In its regular drought report, the Bureau of Meteorology said last month was Australia's driest October since 2002, with rainfall 65% below the 1961–1990 average. It said every part of Australia except the state of Victoria had below-average rainfall and Western Australia state -- by far the biggest grain-exporting region -- saw its driest October on record. After three years of plentiful rain, the El Nino weather phenomenon has brought hot and dry weather to Australia, with September the driest since records began in 1900. "Areas of (rainfall) deficiency have generally expanded and become more severe in south-west Western Australia, south-eastern Queensland, and parts of the Top End in the Northern Territory and far north Queensland. Its long range forecast predicts below-median rainfall through to at least January in northern, western and southern Australia.
Persons: Jill Gralow, Peter Hobson, Michael Perry Organizations: REUTERS, Meteorology, El, Thomson Locations: Moree, Australia, El Nino, Victoria, Western Australia, Queensland, Northern Territory, Tasmania
El Nino to last until April 2024, pushing record temperatures
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
Gabriel Flores and Isabel Apaza walk on the dry cracked bed near the shore of Lake Titicaca in drought season in Huarina, Bolivia August 3, 2023. REUTERS/Claudia Morales/File Photo Acquire Licensing RightsCompanies World Meteorological Organization FollowGENEVA, Nov 8 (Reuters) - The ongoing El Nino weather pattern is set to last until at least April 2024, the World Meteorological Organization (WMO) said on Wednesday, pushing up temperatures in a year already on track to be the warmest on record. El Nino is a warming of ocean surface temperatures in the eastern and central Pacific, and it can provoke extreme weather phenomena from wildfires to tropical cyclones and prolonged droughts. The WMO said in the same statement that the 2023 is on track to be the warmest year on record. The previous record year was in 2016 due to the one-two punch of an exceptionally strong, naturally-occurring El Nino and the impact of warming induced by the burning fossil fuels.
Persons: Gabriel Flores, Isabel Apaza, Claudia Morales, Nino, Emma Farge, Josie Kao Organizations: REUTERS, World, GENEVA, World Meteorological Organization, WMO, Nino, Thomson Locations: Lake Titicaca, Huarina, Bolivia, El, U.S, Pacific
Last month smashed through the previous October temperature record, from 2019, by a massive margin, the EU's Copernicus Climate Change Service (C3S) said. The record-breaking October means 2023 is now "virtually certain" to be the warmest year recorded, C3S said in a statement. "When we combine our data with the IPCC, then we can say that this is the warmest year for the last 125,000 years," Burgess said. The only other time before October a month breached the temperature record by such a large margin was in September 2023. Michael Mann, a climate scientist at University of Pennsylvania, said: "Most El Nino years are now record-breakers, because the extra global warmth of El Nino adds to the steady ramp of human-caused warming."
Persons: Akhtar Soomro, Samantha Burgess, Copernicus, C3S, Burgess, Michael Mann, El, El Nino, Piers Forster, Kate Abnett, Jan Harvey Organizations: REUTERS, Rights, Union, El, University of Pennsylvania, El Nino, University of Leeds, Thomson Locations: Jacobabad, Pakistan, Rights BRUSSELS, El Nino, Libya, South America
Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.
Persons: Nicole, it’s, they’re, , Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, , Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States
That was 0.85 degrees Celsius above the 1991-2020 average for October and 1.7 degrees Celsius warmer than the preindustrial period of 1850-1900. It leaves 2023 firmly on track to surpass the temperature average for 2016 — currently the warmest year ever recorded. Samantha Burgess, deputy director of C3S, said the exceptional temperature anomalies of October followed a four-month period in which global temperature records were "obliterated." "We can say with near certainty that 2023 will be the warmest year on record, and is currently 1.43ºC above the preindustrial average," Burgess said. Referencing the upcoming 2023 United Nations Climate Change Conference, she added, "The sense of urgency for ambitious climate action going into COP28 has never been higher."
Persons: Sakis MITROLIDIS, SAKIS MITROLIDIS, , Samantha Burgess, C3S, Burgess, COP28 Organizations: European Union, Getty, Change Locations: Alexandroupoli, Greece, Cyprus, Romanian, AFP, El
“The amount that we’re smashing records by is shocking,” Burgess said. After the cumulative warming of these past several months, it’s virtually guaranteed that 2023 will be the hottest year on record, according to Copernicus. Scientists monitor climate variables to gain an understanding of how our planet is evolving as a result of human-generated greenhouse gas emissions. A warmer planet means more extreme and intense weather events like severe drought or hurricanes that hold more water, said Peter Schlosser, vice president and vice provost of the Global Futures Laboratory at Arizona State University. Historically, the ocean has absorbed as much as 90% of the excess heat from climate change, Burgess said.
Persons: Samantha Burgess, ” Burgess, it’s, Copernicus, Peter Schlosser, " Schlosser, , Burgess, Schlosser, That’s, , Friederike Otto, Seth Borenstein, ___, Melina Walling Organizations: Global Futures Laboratory, Arizona State University, El Nino, Imperial College London, AP Locations: Paris, Washington, ___
REUTERS/Marco Aquino Acquire Licensing RightsLIMA, Nov 7 (Reuters) - The head of Peru's mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if large-scale mines are not affected by social protests. Victor Gobitz, president of SNMP - the top mining guild for the world's No. 2 copper-producing country - said 2024 output could hit 2.7-2.8 million metric tons, up from 2.6-2.7 million tons forecast for this year and 2.45 million tons hit in 2022. Mining output was slammed by stoppages early this year during nationwide protests against the government of President Dina Boluarte after the ouster and arrest of her predecessor, Pedro Castillo. Peru's copper output has reached 1.77 million tons through the first eight months of this year, according to official data.
Persons: Marco Aquino, Victor Gobitz, Gobitz, Dina Boluarte, Pedro Castillo, Sarah Morland, David Gregorio Our Organizations: REUTERS, Rights, SNMP, BHP, Mitsubishi, El, Thomson Locations: Tapairihua, Peru's Andes, Teck
US natgas prices drop 7% on record output, mild weather
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +3 min
Front-month gas futures for December delivery on the New York Mercantile Exchange fell 25.1 cents, or 7.1%, to settle at $3.264 per million British thermal units (mmBtu), their lowest close since Oct. 27. One bearish factor that has weighed on the futures market for most of this year has been lower spot or next-day prices at the Henry Hub benchmark in Louisiana. The spot market has traded below front-month futures for 176 out of 212 trading days so far this year, according to data from financial firm LSEG. That premium could encourage some speculators to leave gas in storage for longer in hopes of higher prices later in the winter. With seasonally colder weather coming, LSEG forecast U.S. gas demand in the Lower 48 states, including exports, would jump from 101.5 bcfd this week to 109.2 bcfd next week.
Persons: El, Gelber, LSEG, Scott DiSavino, Bernadette Baum, Josie Kao Organizations: El Nino, Associates, U.S . Energy Information Administration, New York Mercantile Exchange, Henry, Thomson Locations: Louisiana, contango, U.S
CNN —Somali authorities have declared an emergency after heavy rains triggered floods across the country that have left thousands trapped and many others displaced from their homes. The heavy rain in the East African country follows several years of drought and successive failed rainy seasons that have triggered a humanitarian crisis. Other regions such as Hirshabelle, Puntland, Galmudug and South West have also been badly hit by the deadly floods, according to the UN agency. South West and Jubaland states are the worst hit by the floods, with over 200,000 people affected in each state, according to OCHA. The agency added that in Puntland, heavy rains and floods destroyed a camp for internally displaced people and cut off electricity and internet connections in the state’s north Gaalkacyo neighborhood.
Persons: El Niño, ” OCHA Organizations: CNN, El, Somali Disaster Management Agency, United, UN, UNICEF Locations: East, Juba, Jubaland, Puntland, Galmudug, South West, Baidoa, South, Gaalkacyo, South West’s Berdale, Somalia
The Panama Canal drought crisis is intensifying
  + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Panama Canal drought crisis is intensifyingDrought conditions that have plagued the Panama Canal amid the worst El Nino in recent history are expected to result in drastic vessel traffic cuts in the coming months.
Organizations: El Nino Locations: Panama
The United Nations 28th meeting on climate, known as COP28, takes places from Nov. 30 to Dec. 12 in Dubai. Latin American countries will arrive ready to push for common goals thanks to regional meetings earlier this year, Muhamad told Reuters. As well as pushing for help adapting to climate change, Latin American countries will call for the region to be covered by early warning systems to save lives amid disasters due to climate change, she said. "The north's position is that there will always be hydrocarbons and that if we can reduce emissions this will be sufficient (to solve) climate change. Last year Colombia cut deforestation by 29.1% to just over 1,235 square kilometers (477 square miles).
Persons: Susana Muhamad, Muhamad, Oliver Griffin, Diane Craft Organizations: UN, country's, United Nations, Reuters, El, Thomson Locations: BOGOTA, Colombia, Dubai ., America
[1/2] Isabel Apaza shows the area of Lake Titicaca without water in drought season, in Huarina, Bolivia August 3, 2023. REUTERS/Claudia Morales/File Photo Acquire Licensing RightsLIMA, Nov 3 (Reuters) - The water level at Lake Titicaca on the Peru-Bolivia border is edging towards a record low, exacerbated by the weather phenomenon known as El Nino that is expected to get still more intense in coming months. Severe drought conditions and unusually high temperatures have caused the shoreline to shrivel at Titicaca, South America's largest lake and the world's highest navigable body of water. The water level is now around 13 inches (33 cm) above its record low recorded in 1943. Over the past seven months, the lake's water level has fallen 29 inches (74 cm), according to Senamhi data.
Persons: Isabel Apaza, Claudia Morales, El, Milagros Quispe, Nino, El Nino, Marco Aquino, David Alire Garcia, Rosalba O'Brien Organizations: REUTERS, Rights, El Nino, El, Thomson Locations: Lake Titicaca, Huarina, Bolivia, Peru, shrivel, Titicaca, South America's
Unusually hot and dry weather in Mato Grosso has caught traders’ attention. October weather in North Mato Grosso BrazilIn Brazil’s southern state of Parana, October rainfall totaled around 350 mm (13.8 inches), the most for any month in at least 25 years. It is unhelpful in this analysis that there have not been many stronger El Ninos in recent years for comparison. Soy yield was 13% below trend that year, but otherwise, soy yields rarely miss in Mato Grosso, making it difficult to detect an impending disaster. In the south, Parana’s rainiest soy-growing seasons have most often coincided with El Ninos, but actual yield outcomes are mixed.
Persons: El Nino, Mato Grosso’s, Mato, La Nina, El, Karen Braun, Rod Nickel Organizations: Mato Grosso, Farmers, El Ninos, El Nino, Iowa, La, El, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Brazil, Mato Grosso, North Mato, Brazil’s, Parana, U.S, Southern, Argentina
While freezing temperatures are not uncommon for the time of year, the sudden change is unusual. A few days ago, uncharacteristically warm weather saw parts of northern China post record high temperatures exceeding 30C. Winter this year, however, could be warmer due to a moderate El Nino, Jia Xiaolong, deputy director of China's National Climate Centre, told a press conference on Friday. El Nino is a natural climate pattern associated with warming of the ocean surface temperatures in the central and eastern Pacific. But statistics showed that winter temperatures could fluctuate greatly during El Nino, Jia warned.
Persons: REUTER, Tingshu Wang, Doksuri, El, Jia Xiaolong, El Nino, Jia, Ethan Wang, Ryan Woo, Simon Cameron, Moore, Robert Birsel Organizations: Business, Rights, El, China Meteorological Administration, CMA, Authorities, El Nino, Climate Centre, 0.5C, Thomson Locations: China, Rights BEIJING, El Nino, Mongolia, Xinjiang, Beijing, Tianjin, Hebei, Mohe, Pacific, El
NOAA Climate.govThe map above depicts how much snow differs from average across all El Niño winters, regardless of El Niño’s strength. Snowfall during all stronger El Niño winters (January-March) compared to the 1991-2020 average (after the long-term trend has been removed). The number of years with below-average snowfall during the 13 moderate-to-strong El Niño winters (January-March average) since 1959. Red shows locations where more than half the years had below-average snowfall; gray shows locations where below-average snowfall happened in less than half the years studied. On the map above, darker reds indicate areas that have experienced more years of below-average snowfall during moderate-to-strong El Niño winters.
Persons: Niño, There’s, “ El Niño, ” Michelle L’Heureux, Jon Gottschalck, Snow, El Niño Organizations: CNN, National Oceanic, Atmospheric Administration, NOAA, El, Northeast Locations: El, California, Texas, Southwest, Washington, Baltimore, Northwest, Midwest, Northeast
The United Nations 28th meeting on climate, known as COP28, takes places from Nov. 30 to Dec. 12 in Dubai. Latin American countries will arrive ready to push for common goals thanks to regional meetings earlier this year, Muhamad told Reuters. As well as pushing for help adapting to climate change, Latin American countries will call for the region to be covered by early warning systems to save lives amid disasters due to climate change, she said. "The north's position is that there will always be hydrocarbons and that if we can reduce emissions this will be sufficient (to solve) climate change. Last year Colombia cut deforestation by 29.1% to just over 1,235 square kilometers (477 square miles).
Persons: Oliver Griffin BOGOTA, Susana Muhamad, Muhamad, Oliver Griffin, Diane Craft Organizations: UN, country's, United Nations, Reuters, El Locations: Colombia, Dubai ., America
PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.
Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf
Nov 2 (Reuters) - Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. "It's this Catch-22," said Patricia Quinn, an atmospheric chemist at the U.S. National Oceanic and Atmospheric Administration (NOAA), speaking about cleaning up sulphur pollution globally. "If you implement technologies to reduce air pollution, this will accelerate – very significantly – global warming in the short term." The Chinese and Indian environment ministries didn't immediately respond to requests for comment on the effects of pollution unmasking. As the implications of the pollution unmasking become more apparent, experts are casting around for methods to counter the associated warming.
Persons: poring, Patricia Quinn, Paulo Artaxo, Xi Jinping, Xi, El, Yangyang Xu, Xu, unmasking, Laura Wilcox, COVID, Sergey Osipov, Michael Diamond, Jake Spring, David Stanway, Sakshi Dayal, Katy Daigle Organizations: U.S . National Oceanic, Atmospheric Administration, NOAA, Reuters, World Health Organization, U.S . Clean, National People's, China Meteorological Administration, El Nino, M University, Britain's University of Reading, India Meteorological Department, India, Clean, Programme, King Abdullah University of Science, Technology, Florida State University, Thomson Locations: India, China, Beijing, 10.34C, Texas, Chongqing, Wuhan, SO2, heatwaves, Xinjiang, INDIA, Europe, Northern China, U.S, Saudi Arabia, Sao Paulo, Singapore, New Delhi
HONOLULU (AP) — A wildfire that has burned forestlands in a remote mountainous area of Central Oahu has moved eastward and away from population centers, Hawaii authorities said Thursday, as firefighters continued to battle the blaze. The flames haven't threatened homes or property, and no evacuations have been ordered, but they have scorched some native koa and ohia trees. Nearly 2 square miles (5 square kilometers) have been burned so far by the blaze, which firefighters have been battling since Monday. Three Army helicopters were dropping water on the fire Thursday, and helicopters from the Honolulu Fire Department and the U.S. Political Cartoons View All 1233 ImagesHawaii's ecosystems evolved in the absence of frequent fires, and when native trees burn, they are often replaced by fire-prone invasive species.
Organizations: Honolulu Fire Department, Three Army, U.S . Fish, Wildlife Service, Hawaii Emergency Management Agency Locations: HONOLULU, Central Oahu, Hawaii, Honolulu, U.S, Lahaina
In Panama, a lack of water has hampered canal operations in recent years, and some shipping experts say vessels may soon have to avoid the canal altogether if the problem gets worse. Before the water problems, as many as 38 ships a day moved through the canal, which was built by the United States and remained under its control until 2000. The canal authority in July cut the average to 32 vessels, and later announced that the number would drop to 31 on Nov. 1. Further reductions could come if water levels remain low. The canal authority is also limiting how far a ship’s hull can go below the water, known as its draft, which significantly reduces the weight it can carry.
Persons: Panama’s Locations: Panama, El, United States
Panama's legislature first agreed a contract extension with Canadian mining company First Quantum and it's local subsidiary, Minera Panama, in March. Eight lawsuits were also filed with Panama's Supreme Court arguing it was unconstitutional. Critics warned using a new law to revoke the contract could leave the government liable to legal action from Minera Panama. Earlier in the day nurses marched to the Supreme Court building to demand judges prioritize the constitutionality lawsuits. The mine is “in the middle of a jungle,” according to Minera Panama’s own contractor, Jan De Nu Group.
Persons: , Laurentino Cortizo, Cortizo, Minera, Jan De, El Organizations: PANAMA CITY, National Assembly, Minera, Mineral Resources, Panama's, Toronto Stock Exchange, Supreme Court, Jan De Nu, Global Forest Watch, El Nino Locations: PANAMA, Minera Panama, Colon, Panama
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