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The Latest Breaking News from El Nino

Coffee Prices Climb on Brazil Real Strength and Tight Robusta Supplies

Sep arabica coffee (KCU23 ) this morning is up +3.40 (+2.16%), and Sep ICE robusta coffee (RMU23 ) is up +6 (+0.24%). Coffee prices this morning are moderately higher. Strength in the Brazilian real (^USDBRL ) supports coffee prices as the real rose to a 1-1/2 week high today against...

Barchart

Meteorologists say Earth sizzled to a global heat record in June and July has been getting hotter

The National Oceanic and Atmospheric Administration says an already warming Earth steamed to its hottest June on record, smashing the old global mark by nearly a quarter of a degree, with global oceans setting temperature records for the third straight month

The Independent UK

Coffee Prices Settle Mixed

Sep arabica coffee (KCU23 ) on Thursday closed up +0.60 (+0.38%), and Sep ICE robusta coffee (RMU23 ) closed down -9 (-0.36%). Coffee prices Thursday settled mixed. Arabica found support after Cecafe reported Thursday that Brazil's Jun arabica coffee exports fell -23% y/y to 2.1 mln bags. Robusta was under...

Barchart

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Sugar Posts Moderate Gains on Dollar Weakness and Strong Crude Prices

Oct NY world sugar #11 (SBV23 ) on Thursday closed +0.10 (+0.42%), and Aug London white sugar #5 (SWQ23 ) closed +6.50 (+0.95%). Sugar prices Thursday extended his week's rally, with NY sugar posting a 2-1/2 week high and London sugar posting a 3-week high. A slump in the dollar...

Barchart

As Europe and US swelter in heatwaves – El Nino conditions threaten to escalate extreme temperatures

Italy, Spain, Greece and parts of the US are facing temperatures above 40C, just at the time UK tourists are jetting off for summer holidays

The Independent UK

Arabica Coffee Moves Higher on Smaller Brazil Arabica Exports

Sep arabica coffee (KCU23 ) this morning is up +0.80 (+0.51%), and Sep ICE robusta coffee (RMU23 ) is down -9 (-0.36%). Coffee prices this morning are mixed. Arabica found support after Cecafe reported that Brazil's Jun arabica coffee exports fell -23% y/y to 2.1 mln bags. Robusta was under...

Barchart

AP PHOTOS: In unrelenting heat, millions plunge, drink and shelter to cool off

Millions around the world have been seeking refuge from the scorching sun as climate change, a strong El Nino and summer in the Northern Hemisphere converge, toppling temperature records.

The Independent UK

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El Nino is threatening rice crops while grain supplies already are squeezed by the war in Ukraine

Experts are warning that rice production across South and Southeast Asia is likely to suffer with the world heading into an El Nino

The Independent UK

Sugar Closes Higher as Weak Dollar Boosts Commodity Prices

Oct NY world sugar #11 (SBV23 ) on Wednesday closed +0.38 (+1.61%), and Aug London white sugar #5 (SWQ23 ) closed +8.40 (+1.24%). Sugar prices Wednesday rallied moderately, with NY sugar posting a 2-week high and London sugar posting a 3-week high. A selloff in the dollar index (DXY00 )...

Barchart

Coffee Prices Under Pressure as Brazil Coffee Harvest Accelerates

Sep arabica coffee (KCU23 ) on Wednesday closed down -0.55 (-0.35%), and Sep ICE robusta coffee (RMU23 ) closed down -36 (-1.40%). Coffee prices Wednesday settled moderately lower on Brazil's coffee harvest pressures. However, losses in arabica were limited by strength in the Brazilian real (^USDBRL) as the real Wednesday...

Barchart

Coffee Prices Remain Weak on Brazil Coffee Harvest Pressures

Sep arabica coffee (KCU23 ) this morning is down -0.30 (-0.19%), and Sep ICE robusta coffee (RMU23 ) is down -32 (-1.25%). Coffee prices this morning are moderately lower on Brazil's coffee harvest pressures. Losses in arabica are limited due to strength in the Brazilian real (^USDBRL ) as the...

Barchart

Sugar Prices Climb as Crude Oil Rallies

Oct NY world sugar #11 (SBV23 ) on Tuesday closed +0.09 (+0.38%), and Aug London white sugar #5 (SWQ23 ) closed +13.70 (+2.06%). Sugar prices Tuesday moved higher, with London sugar climbing sharply to a 2-1/2 week high. A rally in WTI crude oil (CLQ23) Tuesday by more than +2%...

Barchart

Coffee Falls as the Brazil Coffee Harvest Heats Up

Sep arabica coffee (KCU23 ) on Tuesday closed down -2.30 (-1.44%), and Sep ICE robusta coffee (RMU23 ) closed down -6 (-0.23%). Coffee prices Tuesday posted moderate losses, with arabica falling to a 5-1/2 month low. Arabica was under pressure Tuesday on the outlook for dry conditions in Brazil to...

Barchart

Arabica Coffee Tumbles as the Brazil Coffee Harvest Heats Up

Sep arabica coffee (KCU23 ) this morning is down -1.35 (-0.84%), and Sep ICE robusta coffee (RMU23 ) up +1 (+0.04%). Coffee prices this morning are mixed, with arabica falling to a 5-1/2 month low. Arabica is under pressure today on the outlook for dry conditions in Brazil to speed...

Barchart

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Daily Record

'Chaotic' UK weather to come from El Nino including tornados and weekslong blizzards

Experts expect the weather phenomenon to take the UK into 'unprecedented' territory with chaotic weather such as 21C temperatures in February possible.

Barchart

Coffee Prices Finish Lower as Dry Conditions in Brazil Speed up the Coffee Harvest

Sep arabica coffee (KCU23 ) Monday closed down -1.05 (-0.65%), and Sep ICE robusta coffee (RMU23 ) closed down -45 (-1.72%). Coffee prices Monday settled moderately lower on the outlook for dry conditions in Brazil to speed up the pace of the country's coffee harvest. Somar Meteorologia reported Monday that...

Barchart

Sugar Closes Lower on Brazil Sugar Harvest Pressures

Oct NY world sugar #11 (SBV23 ) on Monday closed -0.09 (-0.38%), and Aug London white sugar #5 (SWQ23 ) closed 1.10 (-0.17%). Sugar prices Monday closed slightly lower. Drier conditions in Brazil have sped up Brazil's sugar harvest and are weighing on prices. The improving weather conditions in Brazil...

The National (Scotland)

Climate fears as planet records hottest week in history

The world has had its hottest week on record according to preliminary figures, the World Meteorological Organisation (WMO) has said ...

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Barchart

Coffee Prices Slip as Dry Conditions in Brazil Speed up the Coffee Harvest

Sep arabica coffee (KCU23 ) this morning is down -0.45 (-0.31%), and Sep ICE robusta coffee (RMU23 ) is down -41 (-1.56%). Coffee prices this morning are moderately lower on the outlook for dry conditions in Brazil to speed up the pace of the country's coffee harvest. Somar Meteorologia reported...

Barchart

Robusta Coffee Closes Sharply Higher on Tight Global Supplies

Sep arabica coffee (KCU23 ) on Friday closed up +0.45 (+0.28%), and Sep ICE robusta coffee (RMU23 ) closed up +111 (+4.42%). Coffee prices Friday settled higher, with robusta up sharply at a 1-week high. Friday's fall in the dollar (DXY00 ) to a 2-week low was bullish for most...

Barchart

Sugar Settles Higher on Dollar Weakness and Dryness in Thailand

Oct NY world sugar #11 (SBV23 ) on Friday closed +0.28 (+1.20%), and Aug London white sugar #5 (SWQ23 ) closed +8.80 (+1.34%). Sugar prices Friday posted moderate gains, with NY sugar climbing to a 1-1/2 week high and London sugar climbing to a 2-week high. A slide in the...

Barchart

Robusta Coffee Surges on Supply Concerns

Sep arabica coffee (KCU23 ) this morning is up +0.15 (+0.09%), and Sep ICE robusta coffee (RMU23 ) is up +106 (+4.22%). Coffee prices this morning are moving higher, with robusta up sharply at a 1-week high. Today's decline in the dollar (DXY00 ) to a 1-1/2 week low is...

Radio France Internationale

After hottest June on record, nations must brace for El Nino extreme weather

The EU-backed Copernicus Climate Change Service has announced that June 2023 was the hottest on record in terms of sea and air temperatures. This, as the UN weather agency warns governments to brace for the impact of El Nino climate phenomenon.

Barchart

Dollar Weakness Fuels Short-Covering in Coffee Futures

Sep arabica coffee (KCN23 ) on Thursday closed up +1.55 (+0.98%), and Sep ICE robusta coffee (RMN23 ) closed down -2 (-0.08%). Coffee prices Thursday settled mixed. Weakness in the dollar (DXY00 ) Thursday sparked short covering in coffee futures after the dollar index retreated from a 3-week high and...

Barchart

Weakness in the Brazilian Real Weighs on Sugar Prices

Oct NY world sugar #11 (SBV23 ) on Thursday closed -0.28 (-1.19%), and Aug London white sugar #5 (SWQ23 ) closed -1.50 (-0.23%). Sugar prices Thursday fell moderately as weakness in the Brazilian real (^USDBRL ) weighed on prices. The real Thursday fell to a 1-month low against the dollar,...

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