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Copernicus says 2026 is on track to be the second-hottest year on record, with an exceptionally strong El Niño adding heat. Peru declared a state of emergency across much of the country over El Niño-linked flooding, and drought is affecting parts of Asia.
El Niño-driven floods and droughts in Peru and Asia threaten fishing, feed and grain output, which tightens supply for feed buyers and supports prices. The impact depends on how long the event lasts.
iol.co.zaAFPNov 15, 2026After 180 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
