commodity markets

Europe outbids Asia for LNG as spot prices surge 150%

European buyers are outcompeting Asian rivals for liquefied natural gas cargoes as spot LNG prices climb 150% since February, driven by the prolonged closure of Qatar's export facilities and the broader energy crisis sparked by the U.S.-Israeli air campaign against…

NOAA sees over 90% chance of strongest El Niño since 1950

A rapidly intensifying El Niño is reshaping global commodity markets, with forecasters now warning of the strongest event since at least 1950 and economists flagging mounting risks to food prices, energy supplies, and inflation heading into 2027.

Record El Niño threatens Latin America’s crops, trade routes

Latin America is bracing for what experts say could be the strongest El Niño on record, raising questions about how the climate phenomenon will reshape agricultural output, energy markets, and trade routes across the world's top food-exporting region. Reuters reported…

Russian wheat exports hit decade low amid Black Sea attacks

Russia's grain exports are on track to fall to their lowest August level in a decade as escalating attacks on commercial vessels in the Black Sea create severe shipping bottlenecks at the country's southern ports, compounding a disruption that has…

FAO warns of food price surge as record El Nino compounds war disruptions

A rapidly strengthening El Niño — on track to become the most powerful in 76 years — is raising alarms across global markets as the United Nations Food and Agriculture Organization warns that wars, extreme weather, and rising production costs…

Copper nears $14,000 as record US imports drain global supply

Copper climbed to its highest level in two months on the London Metal Exchange, approaching $14,000 a ton on Monday, as a record wave of imports into the United States drained supply from the rest of the world ahead of…

El Niño threatens global food supplies as crop output falls

The developing El Niño weather pattern is poised to disrupt global food production in 2026-27, with output of key crops expected to fall across major producing regions and analysts warning the phenomenon could feed a new wave of commodity-driven inflation.

Wheat surges to two-year high after Russia curbs Novorossiysk port traffic

Chicago wheat futures have rallied sharply this week, with prices climbing above $7.00 a bushel for the first time in two years, as escalating attacks on grain vessels and port infrastructure across the Black Sea region throttled exports from the…