
At COP31, CGIAR urged countries to fund preparations for the continuing El Niño, which forecasters expect to remain strong to very strong into early 2027. The article cites estimates of increased acute food insecurity and warns that prolonged fertilizer and energy market disruption could reduce fertilizer use and crop yields; modelling for Malawi also projects higher poverty and undernutrition.
El Niño-related crop stress could tighten food supplies and add upward pressure to food prices, while sustained fertilizer cost increases could further constrain yields. Early preparedness spending may reduce those losses.
After 30 past bullish weather events, Urea moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% 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.