According to such sources as The Weather Channel and CNBC, the world food supplies will be at the mercy of a Super El Nino as 2026 unfolds.
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While this will likely be enough to continue triggering algorithms, the reality of supply and demand is far less dramatic.,
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. A look at the forward curves for many of the markets mentioned show commercial interests are not concerned about supplies tightening in relation to demand over the coming years.
A CNBC.com piece with the teaser, “From war to weather: A ‘super El Nino’ event poses fresh risks to global food costs”, is making the rounds Thursday. There is much to unpack here, starting with the casual drop of the ever-popular topic of the US president’s War on Iran. (It should be noted CNBC promoted another piece stating, “(The US president) says U.S. read to ‘next conquest’…”, sending bettors to any number of predictive sites to make money on what country is next on the list after Venezuela and Iran. I believe the early favorite is the powerhouse Greenland.) But for this piece, let’s focus on the phrase “Super El Nino”.
