This Just in: No El Niño Yet, But it's Probably Coming Soon

The U.S. Climate Prediction Center has just come out with it’s monthly update on the evolution of a long-anticipated El Niño in the Pacific Ocean. And the envelope please:

Keep waiting…

From the CPC Diagnostic Discussion report issued this morning:
The consensus of forecasters indicates a 2-in-3 chance of El Niño during the November 2014 – January 2015 season. This El Niño will likely remain weak . . . throughout its duration.
Those odds are essentially unchanged from last month.

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