El Niño and Climate Change Disrupt Commodity Markets, Threatening Tens of Millions With Heat Stroke
Updated
Updated · Barchart · Jul 6
El Niño and Climate Change Disrupt Commodity Markets, Threatening Tens of Millions With Heat Stroke
3 articles · Updated · Barchart · Jul 6
Summary
Extreme heat next week in the western U.S. corn belt, heavier rain in Brazil coffee areas and dryness in Vietnam are emerging as the clearest weather threats to commodity markets.
El Niño and climate change are amplifying humidity and thermal stress worldwide, with the report warning tens of millions of people face higher risk of lethal heat stroke without adequate cooling.
Corn and soybean markets remain mixed after recent sell-offs tied to lower crude prices and favorable early Midwest weather, partly because the main heat dome may shift west of key corn belt areas later in July.
Brazil coffee is a stronger bullish call in the report, as a warming planet and a persistent Antarctic polar vortex are seen adding rain risk and potentially driving prices higher.