Grain Brokers Australia News Archives | Page 16 of 17 | Grain Brokers Australia

BoM Update – Pacific Ocean continues to warm.

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Tropical Pacific Ocean edges further toward El Niño

The tropical Pacific Ocean continues a general trend toward El Niño, with just over half of the climate models surveyed by the Bureau suggesting El Niño thresholds will be exceeded by August. An El Niño ALERT remains in place, indicating at least a 70% chance of an El Niño developing in 2014.

The tropical Pacific Ocean surface has warmed steadily since February, with sea surface temperature anomalies increasing by 0.5 to 1.0 °C. For El Niño to be established and maintained, the sea surface needs to warm further, and be accompanied by a persistent weakening of the trade winds and a consistent increase in cloudiness near the Date Line. In the past fortnight, trade winds have generally been near normal, though have weakened once again in recent days.

El Niño has impacts on many parts of the world, for example, below-average rainfall in the western Pacific and Indonesian regions and increased rainfall in the central and eastern Pacific. For Australia, El Niño is usually associated with below-average rainfall over southern and eastern inland Australia, with about two thirds of El Niño events since 1900 causing major drought over large parts of the continent.

The Indian Ocean Dipole (IOD) is currently neutral. Model outlooks suggest the IOD is most likely to remain neutral through winter, with two of the five models surveyed suggesting a positive IOD may develop during spring. Positive IOD events often coincide with El Niño and are typically associated with large parts of southern and central Australia experiencing lower rainfall than usual.

Courtesy of BoM (ENSO Wrap-Up).

 

NEW ENSO Tracker

Our new ENSO Tracker provides
up-to-date information on the likelihood
of an El Niño or La Niña developing.

ENSO Tracker status as of 6 May 2014 is 'El Niño Alert'. Visit website for more information.

The status remains El Niño ALERT.
Find out more

CBH Managed Pool Opens Today…

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The 2014/15 Managed Pool jointly managed by CBH & Plum Grove opened today and will close at this stage on 30th May.

  • Minimum contract size – 100 Tonne.
  • Delivery period – 1st Nov to 15th Jan 2015.
  • All standard grades accepted in the pool & Quality payments applicable on Milling grades.
  • Finalisation of the Pool will be April 2015.

For any questions on taking out a Managed Pool contract, please call the GBA office on 9367 2866.

Pool Update

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CBH have announced their Harvest Pool interest rate is down by 5 basis points to 4.87%.

Also the CBH Managed Pool, which is jointly managed with Plum Grove, will be opening on 19th May.

Finally, a reminder that any contracting for 14/15 canola on a certified basis with CBH will require their ISCC form to be completed to be eligible for the $7 sustainability premium.

Book Your Free Farm Visit or call us on 1300 946 544 for more information. Free Farm Visit