
Peru’s El Niño began in the first quarter of 2026 and is expected to last at least 17 months, through autumn 2027. It reached extraordinary strength in July, and the article says that intensity could persist for eight more months, with agricultural and fishing impacts expected to continue into 2027.
Prolonged unusual weather could reduce agricultural output and disrupt fisheries, tightening supply of affected products and supporting prices. The article does not identify specific commodities or quantify losses.
Not enough comparable past events yet for a historical read.
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.