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The World Food Programme explains that El Niño, the warm phase of the ENSO climate pattern, can bring droughts, floods, storms and extreme heat that damage harvests and livestock. It describes how these shocks raise food prices, cut household incomes and worsen existing crises.
Lower harvests and disrupted transport from El Niño tighten supply and push feed and food prices up. The effects vary by region, so the price impact depends on which major producers are hit.
wfp.orgNov 12, 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.
