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The Latest Breaking News from El Nino

Cocoa Prices Fall Back from 7-1/2 Year High on Long Liquidation Pressure

Sep ICE NY cocoa (CCU23 ) on Thursday closed down -77 (-2.31%), and Sep ICE London cocoa #7 (CAU23 ) closed down -43 (-1.66%). Sep NY cocoa prices on Thursday fell back from Wednesday's contract high, when the front-month July contract posted a new 7-1/2 year high on the nearest-futures...

Barchart

Sugar Continues Lower on Strong Brazil Production

Oct NY world sugar #11 (SBV23 ) on Thursday closed down -0.52 (-2.30%), and Aug London white sugar #5 (SWQ23 ) closed down -8.20 (-1.30%). NY sugar prices on Thursday extended the sharp sell-off seen since last week and fell to a new 2-3/4 month low, generating more technical selling...

Barchart

Cocoa Prices Rally to 7-1/2 Year High on El Nino Concerns and Heavy Rain in West Africa

July ICE NY cocoa (CCN23 ) on Wednesday closed up +80 (+2.49), and July ICE London cocoa #7 (CAK23 ) closed up +41 (+1.56%). July NY cocoa prices on Wednesday rallied sharply to a new contract high and a new 7-1/2 year high on the nearest-futures chart. Cocoa prices continue...

Barchart

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NY Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Wednesday closed -0.46 (-2.00%), while Aug London white sugar #5 (SWQ23 ) closed up +1.60 (+0.26%). NY sugar prices on Wednesday extended the sharp 6-session sell-off and fell to a new 2-3/4 month low, generating more technical selling pressure. Sugar prices have...

Barchart

'El Nino' set to weaken rainy season

Thailand's weather is already being influenced by a "mild" El Nino phenomenon, according to the Office of the National Water Resources (ONWR), which also called on all related agencies to help gear up in case the country suffers a drought.

Bangkok Post

Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.69 (-2.91%), and Aug London white sugar #5 (SWQ23 ) closed down -21.20 (-3.27%). NY sugar prices on Tuesday extended the sharp 5-session sell-off and fell to a new 2-1/2 month low, generating more technical selling pressure. Sugar prices...

Barchart

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Monday closed down -0.46 (-1.90%), and Aug London white sugar #5 (SWQ23 ) closed down -8.90 (-1.35%). NY sugar prices on Monday extended last week's sharp sell-off and fell to a new 2-month low, generating more technical selling pressure. Sugar prices have...

Barchart

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Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Friday closed down -0.75 (-3.01%), and Aug London white sugar #5 (SWQ23 ) closed down -16.60 (-2.46%). Sugar prices on Friday extended Thursday's sharp sell-off and fell to a 2-month low, generating technical selling pressure. Sugar prices fell sharply this week, mainly...

Barchart

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Thursday closed down -0.95 (-3.67%), and Aug London white sugar #5 (SWQ23 ) closed down -19.50 (-2.81%). Sugar prices Thursday closed sharply lower on warmer Brazilian weather forecasts that reduced the chances for damaging frost. Sugar prices saw continued carry-over pressure from...

Barchart

WHO prepares for El Nino-linked spread of viral disease

WHO is preparing for an increased spread of viral diseases like dengue, Zika and chikungunya linked to the El Nino weather phenomenon

The Hindu

Sugar Closes Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Wednesday closed down -0.34 (-1.30%), and Aug London white sugar #5 (SWQ23 ) closed down -7.80 (-1.11%). Sugar prices Wednesday closed lower on warmer Brazilian weather forecasts that reduced the chances for damaging frost. Also, sugar saw carry-over pressure from Sunday's news...

Barchart

Sugar Closes Lower on Weak Chinese Demand and Brazil Sugar Harvest Pressures

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.21 (-0.79%), and Aug London white sugar #5 (SWQ23 ) closed unchanged. Sugar prices Tuesday settled moderately lower. Weakness in sugar demand from China, the world's largest sugar importer, weighed on prices after China's Customs General Administration reported that...

Barchart

Sea off Scotland's east coast 'notably warmer' as record heat increases seen

GLOBAL sea surface temperatures in April and May were the highest on record, with some of the most intense heat increases on Earth recorded in seas…

The National (Scotland)

Sugar Prices Follow Crude Oil Higher

July NY world sugar #11 (SBN23 ) on Friday closed up +0.43 (+1.65%), and Aug London white sugar #5 (SWQ23 ) closed up +17.50 (+2.55%). Sugar prices Friday posted moderate gains, with NY sugar climbing to a 1-month high and London sugar climbing to a 2-week high. A rally in...

Barchart

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Bangkok Post

Govt must brace for El Niño

Experts are warning Thailand to brace for unusually low average rainfall that may lead to drought as a result of the El Niño weather pattern.

Bangkok Post

Water plans need review

Drought has always been a part of Thailand's weather cycle, but this year's situation is a cause for concern due to the El Nino southern oscillation that is affecting the entire Southeast Asian region.

Barchart

NY Sugar Moderately Higher on Strength in Crude Oil and Brazilan Real

July NY world sugar #11 (SBN23 ) on Thursday closed up +0.16 (+0.62%), and Aug London white sugar #5 (SWQ23 ) closed down -2.10 (-0.31%). Sugar prices Thursday settled mixed, with NY sugar posting a 1-month high. Sugar found support Thursday on strength in the Brazilian real (^USDBRL), which climbed...

The Hindu

Pacific corals thrived during strongest El Niño, thanks to local currents, study finds

Researchers find Pacific coral reefs thriving during an intense El Nino which should have completely destroyed them

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Barchart

Sugar Pushes Higher as the Brazilan Real Rallies

July NY world sugar #11 (SBN23 ) on Wednesday closed up +0.68 (+2.70%), and Aug London white sugar #5 (SWQ23 ) closed up +7.10 (+1.04%). Sugar prices Wednesday closed moderately higher on strength in the Brazilian real (^USDBRL ), which climbed to a 1-year high against the dollar. The stronger...

The Hindu

Cyclone Biparjoy won't impact monsoon further: IMD

Cyclone Biparjoy is now completely detached from the monsoonal flow and will not adversely impact the advance of the rain-bearing system or its performance, the India Meteorological Department (IMD) said

Barchart

Sugar Prices Fall on Ramped-Up Sugar Output in Brazil

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.31 (-1.22%), and Aug London white sugar #5 (SWQ23 ) closed down -4.60 (-0.67%). Sugar prices Tuesday posted moderate losses on ramped-up Brazil sugar production. Unica on Tuesday reported Brazil's 2023/24 sugar production through May was up +37.7% y/y...

Barchart

Sugar Prices Firm on Global Weather Concerns

July NY world sugar #11 (SBN23 ) on Monday closed up +0.09 (+0.35%), and Aug London white sugar #5 (SWQ23 ) closed up +3.70 (+0.54%). Sugar prices Monday posted moderate gains. Since last Thursday, sugar prices have carryover support on concerns that an El Nino weather pattern could disrupt global...

Barchart

Cocoa Extends this Week's Rally on El Nino Concerns

July ICE NY cocoa (CCN23 ) on Friday closed up +31 (+0.98%), and July ICE London cocoa #7 (CAK23 ) closed up +48 (+1.99%). Cocoa prices Friday climbed to 1-month nearest-futures highs. Cocoa extended Thursday's gains on positive carryover on concern that an El Nino weather event could undercut global...

Barchart

Sugar Prices Relinquish Early Gains on Dollar Strength

July NY world sugar #11 (SBN23 ) on Friday closed down -0.10 (-0.39%), and Aug London white sugar #5 (SWQ23 ) closed down -7.90 (-1.15%). Sugar prices Friday gave up an early advance and closed moderately lower. A rebound in the dollar sparked long liquidation in sugar futures after the...

France 24

El Nino is back, and it's brought the threat of extreme weather with it

The US National Oceanic and Atmospheric Administration (NOAA) declared on Thursday that the El Nino climate pattern is now underway, bringing the threat of more frequent tropical cyclones in the Pacific, increased rainfall and flooding in parts of the Americas and rising temperatures across the globe.

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