A strong El Niño is shaping the 2026 Caribbean rainy season, with dry conditions already visible across parts of the region. Drought risks may intensify through the 2026/27 dry season, with effects expected into early 2027.
Rainfed and water-sensitive farming and livestock systems are flagged as especially exposed.
Caribbean drought during key crop stages could cut local food output and raise import needs for feed and grain, supporting regional food-price pressure. The impact on global commodity prices is limited given the region's small share of world supply.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.