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The Latest Breaking News from El Nino

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...

Barchart

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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.

Radio France Internationale

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,...

Barchart

Coffee Prices Recover as a Weak Dollar Sparks Short Covering

Sep arabica coffee (KCN23 ) this morning is up +1.30 (+0.82%), and Sep ICE robusta coffee (RMN23 ) is up +2 (+0.08%). Coffee prices this morning recovered from early losses and are moderately higher. Weakness in the dollar (DXY00 ) today sparked short covering in coffee futures after the dollar...

Barchart

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Global heat is just the latest 2023 extreme that shows an Earth in crisis

Scientists say global heat that inched into worrisome new territory this week is a clear example of how pollutants released by humans are warming their environment

The Independent UK

Met Office verdict amid reports of 'heat spike' to hit UK

A weather phenomenon called El Nino triggers higher temperatures

Liverpool Echo

Rice to get costlier as supply threatened

MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.

Bangkok Post

Coffee Closes Moderately Lower on Brazil Harvest Pressures

Sep arabica coffee (KCN23 ) on Wednesday closed down -1.60 (-1.00%), and Sep ICE robusta coffee (RMN23 ) closed down -15 (-0.59%). Coffee prices Wednesday posted moderate losses. Ongoing dry weather in Brazil is accelerating the country's coffee harvest and is weighing on prices. Cooxupe, Brazil's coffee export cooperative, reported...

Barchart

Sugar Rallies on Drought Conditions in Thailand

Oct NY world sugar #11 (SBV23 ) on Wednesday closed +0.21 (+0.90%), and Aug London white sugar #5 (SWQ23 ) closed up +7.70 (+1.18%). Sugar prices Wednesday climbed to a 1-week high and closed moderately higher. Excessive dryness in Thailand, the world's third-largest sugar producer, may curb sugar production and...

Barchart

Cocoa Prices Fall Back as Dollar Strength Fuels Long Liquidation

Sep ICE NY cocoa (CCU23 ) on Wednesday closed -30 (-0.59%), and Sep ICE London cocoa #7 (CAU23 ) closed -2 (-0.08%). Cocoa prices Wednesday closed moderately lower as a stronger dollar sparked profit-taking and long liquidation in cocoa futures. On Monday, Sep NY cocoa prices posted a new contract...

Barchart

UK weather map turns red in massive 24 hour heat spike as El Nino peak looms

The UK is expected to see temperatures pushing 30C on Friday due to a frontal system bringing warm and humid air over a 24 hour period before thunderstorms are expected to hit

Daily Mirror

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Barchart

Brazil Harvest Pressures Weigh on Coffee Prices

Sep arabica coffee (KCN23 ) this morning is down -1.45 (-0.90%), and Sep ICE robusta coffee (RMN23 ) is down -8 (-0.32%). Coffee prices this morning are moderately lower. Ongoing dry weather in Brazil is accelerating the country's coffee harvest and is weighing on prices. Cooxupe, Brazil's coffee export cooperative,...

AAP

Nation put on high alert as El Nino warnings heat up

More extreme weather is forecast as Australians braces for warmer, drier conditions this summer after heavy rain and record floods.

Bangkok Post

Dry spell could last into 2024

Much of the country is experiencing below-average rainfall due to the El Niño phenomenon, and this is only likely to intensify in November and could even linger until early next year, according to the Thai Meteorological Department (TMD).

Bangkok Post

UN warns world to prepare for El Nino impact

GENEVA: The United Nations on Tuesday warned the world to prepare for the effects of El Nino, saying the weather phenomenon that triggers higher global temperatures is set to persist throughout 2023.

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Barchart

Coffee Prices Close Moderately Higher and Consolidate Recent Losses

Sep arabica coffee (KCN23 ) on Monday closed up +1.50 (+0.94%), and Sep ICE robusta coffee (RMN23 ) closed up +47 (+1.89%). Coffee prices Monday settled moderately higher as they consolidated last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new...

Barchart

Sugar Climbs on Signs of Robust Demand

Oct NY world sugar #11 (SBV23 ) on Monday closed +0.53 (+2.33%), and Aug London white sugar #5 (SWQ23 ) closed up +9.90 (+1.56%). Sugar prices Monday posted moderate gains on signs of strength in demand. The delivery to settle the July NY sugar contract, which expired last Friday, totaled...

Barchart

Cocoa Prices Rally on West African Crop Concerns

Sep ICE NY cocoa (CCU23 ) on Monday closed +46 (+1.37%), and Sep ICE London cocoa #7 (CAU23 ) closed up +47 (+1.80). Sep NY cocoa prices on Monday posted a new contract high and nearest-futures cocoa (CCN23) posted a 7-1/2 year high. Sep London cocoa Monday posted a contract...

Barchart

Coffee Prices Consolidate Recent Losses

Sep arabica coffee (KCN23) this morning is up +1.75 (+1.10%), and Sep ICE robusta coffee (RMN23) is up +50 (+2.01%). Coffee prices this morning are moderately higher as they consolidate last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new 1-month...

AAP

Bushfires warning as El Nino threat looms large

El Nino conditions will likely make 2024 the world's hottest year on record, leaving Australia in a precarious position in terms of bushfires.

The Canberra Times

Warm start to winter but showers forecast for next week

Showers are expected next week starting on Tuesday.

Barchart

Cocoa Prices Rally to New 7-1/2 Year High on Supply Concerns

Sep ICE NY cocoa (CCU23 ) on Friday closed +92 (+2.82%), and Sep ICE London cocoa #7 (CAU23 ) closed up +66 (+2.59). Sep NY cocoa prices on Friday posted a new contract high and there was a new 7-1/2 year high on the nearest-futures chart. Cocoa prices rallied sharply...

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