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Commodities Briefing - Categorized | Agriculture, Trading more

El Nino a looming wild card for commodities

Posted on 14 May 2014

Commodity traders are placing their bets on El Nino. The periodic weather phenomenon leads to torrential rain in South America and droughts in Asia and Africa, and may provide a needed boost for commodities after last year’s slump in prices.
Weather forecasters around the world are predicting that a shift in climate patterns could occur this summer, with some warning of the strongest El Nino in more than a decade………………………………………..Full Article: Source


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VRS - who has written 36088 posts on Opalesque Commodities Briefing.


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