Originally Posted by
robsrich
Question? Who bets on El Niño or La Niña???
The paragraphs above only look at the effect to AUS weather by either El Nino or La Nina. Both are just catch-all terms for the average surface temperature of a large area of the Southern Pacific Ocean. El Nino is circa 1C or more above average; LA Nina is circa 2C or less below average.
Who bets on it? Grain traders. One of the biggest affects is the pricing differential between soybean meal vs fish meal – which is of far more financial magnitude than the AUS cattle industry.