Tag: KC00
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Why traders should brace for El Niño’s effects on weather and commodities around the world
[ad_1] Weather has always been a key factor for many major commodities, and last month’s arrival of the El Niño climate pattern has the potential to significantly disrupt the outlook for consumer staples such as sugar, soybeans, rice, and wheat. “The El Niño story is big,” said Darin Newsom, Barchart senior market analyst. “We saw…
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Orange-juice futures are near a record. Sugar is at an 11-year high. And coffee is peaking too. What’s going on?
[ad_1] Some commodities that are grown rather than mined, known as “softs” to traders, have rallied so far this year, with sugar prices this week trading at their highest price in 11 years and orange-juice futures touching their highest prices on record. “Most of the softs sector fall under the category of ‘weather derivatives’,” as…