If you have never heard the term “El Nino”, you might have been living under a rock.
The common informed person is probably somewhat aware that we are amidst a record-setting El Nino, and rumors of a possible switch to La Nina later this year have also danced into the public’s ear, particularly those with an interest in commodity markets.

But comprehension of such a scenario, and what it may mean, is quite difficult without an understanding of what El Nino and La Nina actually are and why they exist.