Given the dramatic cold to warm change in the North American temperatures for next week, the Equatorial Pacific temperatures must have leveled off or maybe even declined. The April 3rd ENSO chart showed the sharp rise in temperature had slowed dramatically as of the middle of March. That predicts a weather change 15 to 30 days out. Here is what we shared with you several days ago:
Data yesterday morning from the US Department of Labor showed there were 228,000 new applications for unemployment the week to April 1, abit more than the 200,000+ expected.
Although WTI crude oil futures did not trade yesterday, cash crude oil was down 15¢ at $80.46 yesterday.
India’s wheat crop has sustained losses in some states due to dry weather, but officials say India would "probably end up with the same figure of 112 million mt crop or in the worst case scenario, there will be a negligible drop in the production."