A ‘Super El Niño’ is expected to squeeze commodities even further this year

Scientists are forecasting a particularly intense El Niño weather pattern to emerge this year, according to analysis from major financial institutions. The climate phenomenon, characterized by unusually warm Pacific Ocean waters, is expected to shift global weather patterns and bring extreme conditions including severe droughts, monsoons, flooding, and heat waves to various regions worldwide.
Bank of America strategists noted that of the 20 El Niño events recorded over the past 75