
An University of Sydney analysis says the WMO has declared the first El Niño in seven years, with 90% odds of developing in 2023 at moderate strength. It notes that past El Niño events have produced relatively modest and ambiguous global food price impacts, while local effects could be severe.
Past El Niño events have rarely caused breadbasket-wide yield shocks, so wheat prices are unlikely to move much on this event alone. Concentrated regional crop losses remain a risk that could support prices in affected exporters.
Setelah 224 peristiwa cuaca netral sebelumnya, Gandum (SRW) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.