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Climate models indicate that the ongoing El Niño could peak near the end of 2026, with a Niño3.4 temperature anomaly around 4°C. The event has already contributed to fires in Indonesia and powerful typhoons in the western Pacific, and could push global temperatures to record levels next year.
The forecast signals elevated risk of disruptive weather, but the article does not specify crop losses or supply changes for particular commodities. Any price effect for feed ingredients remains uncertain at this stage.
carbonbrief.orgNov 6, 2026After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
