Tag Archives: el nino

Oct 5, 2015

El Niño Won’t Keep This Commodity Hot

Commodities have faced many headwinds this year from the strong U.S. dollar, high supply from OPEC and the slowing Chinese demand growth. The S&P GSCI Total Return hit a 15 year low in August, 23 of 24 commodities dropped in July and the 3rd quarter was the 3rd worst in history. For the year, all sectors are negative and…

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Jul 14, 2015

Selling Oil Won’t Feed Iran

Now that negotiators have reached a deal aimed at reining in Iran’s nuclear program, Iran may get relief from some sanctions that may allow it to raise oil output. Though it could take time for supply to come onto the market, it depends on how long it takes for the International Atomic Energy Agency (IAEA) to verify…

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May 28, 2015

The Hottest El Niño Yet

Catastrophic weather events are happening now as we are experiencing deadly heat in India, floods in Houston, Oklahoma and Mexico, and the drought in California.  The ENSO (El Niño Southern Oscillation): Recent Evolution, Current Status and Predictions report prepared by the Climate Prediction Center / NCEP of NOAA (National Oceanic and Atmospheric Administration) stated on May 26, 2015…

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Jul 15, 2014

Food Price Inflation and El Nino Possibility

Food price inflation is increasing sharply in the US. Only last December 2013, food prices were just 1.05% higher than the previous December. As of May 2014, food price inflation was running at 2.46% (year over year) and possibly heading above 4% by late 2014 or early 2015. Now, the Federal Reserve (Fed) prefers to…

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Jun 4, 2014

El Niño: ¿Dónde Está El Dinero?

Climate scientists are predicting record breaking global temperatures from an El Niño expected this year that could boost commodity prices from further disruptions in the supply chain.  This year has already been chock-full of supply shocks across many commodities such as nickel, natural gas, coffee and hogs, creating critically low inventories that will be extremely difficult to…

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