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The Latest Breaking News from El Nino

Coffee Prices Close Moderately Higher and Consolidate Recent Losses

Sep arabica coffee (KCN23 ) on Monday closed up +1.50 (+0.94%), and Sep ICE robusta coffee (RMN23 ) closed up +47 (+1.89%). Coffee prices Monday settled moderately higher as they consolidated last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new...

Barchart

Sugar Climbs on Signs of Robust Demand

Oct NY world sugar #11 (SBV23 ) on Monday closed +0.53 (+2.33%), and Aug London white sugar #5 (SWQ23 ) closed up +9.90 (+1.56%). Sugar prices Monday posted moderate gains on signs of strength in demand. The delivery to settle the July NY sugar contract, which expired last Friday, totaled...

Barchart

Cocoa Prices Rally on West African Crop Concerns

Sep ICE NY cocoa (CCU23 ) on Monday closed +46 (+1.37%), and Sep ICE London cocoa #7 (CAU23 ) closed up +47 (+1.80). Sep NY cocoa prices on Monday posted a new contract high and nearest-futures cocoa (CCN23) posted a 7-1/2 year high. Sep London cocoa Monday posted a contract...

Barchart

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Coffee Prices Consolidate Recent Losses

Sep arabica coffee (KCN23) this morning is up +1.75 (+1.10%), and Sep ICE robusta coffee (RMN23) is up +50 (+2.01%). Coffee prices this morning are moderately higher as they consolidate last week's losses. Sep arabica coffee last Thursday posted a 5-month low, and Sep robusta fell to a new 1-month...

Barchart

Bushfires warning as El Nino threat looms large

El Nino conditions will likely make 2024 the world's hottest year on record, leaving Australia in a precarious position in terms of bushfires.

AAP

Warm start to winter but showers forecast for next week

Showers are expected next week starting on Tuesday.

The Canberra Times

Cocoa Prices Rally to New 7-1/2 Year High on Supply Concerns

Sep ICE NY cocoa (CCU23 ) on Friday closed +92 (+2.82%), and Sep ICE London cocoa #7 (CAU23 ) closed up +66 (+2.59). Sep NY cocoa prices on Friday posted a new contract high and there was a new 7-1/2 year high on the nearest-futures chart. Cocoa prices rallied sharply...

Barchart

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Sugar Rallies on Hopes for Chinese Buying After Sharp Weekly Decline

Oct NY world sugar #11 (SBV23 ) on Friday closed +0.71 (+3.22%), and Aug London white sugar #5 (SWQ23 ) closed up +12.80 (+2.06%). NY sugar prices on Friday rebounded higher on some short-covering after the plunge seen over the past 1-1/2 weeks to Thursday's 2-3/4 month low. Sugar prices...

Barchart

Coffee Prices Extend Sell-off on Favorable Harvest Weather in Brazil

Sep arabica coffee (KCN23 ) Friday closed down -2.60 (-1.61%), and Sep ICE robusta coffee (RMN23 ) closed down -79 (-3.07%). NY arabica coffee Friday fell back towards Thursday's 5-month low, while Sep robusta fell to a new 1-month low. NY arabica coffee is being undercut by favorable weather in...

Barchart

Coffee Prices Continue the Sharp Sell-off

Sep arabica coffee (KCN23 ) today is down -2.50 (-1.55%), and Sep ICE robusta coffee (RMN23 ) is down -45 (-1.75%). NY arabica coffee Friday fell back towards Thursday's 5-month low, while Sep robusta fell to a new 1-month low. NY arabica coffee is being undercut by favorable weather in...

Barchart

Cocoa Prices Fall Back from 7-1/2 Year High on Long Liquidation Pressure

Sep ICE NY cocoa (CCU23 ) on Thursday closed down -77 (-2.31%), and Sep ICE London cocoa #7 (CAU23 ) closed down -43 (-1.66%). Sep NY cocoa prices on Thursday fell back from Wednesday's contract high, when the front-month July contract posted a new 7-1/2 year high on the nearest-futures...

Barchart

Sugar Continues Lower on Strong Brazil Production

Oct NY world sugar #11 (SBV23 ) on Thursday closed down -0.52 (-2.30%), and Aug London white sugar #5 (SWQ23 ) closed down -8.20 (-1.30%). NY sugar prices on Thursday extended the sharp sell-off seen since last week and fell to a new 2-3/4 month low, generating more technical selling...

Barchart

Cocoa Prices Rally to 7-1/2 Year High on El Nino Concerns and Heavy Rain in West Africa

July ICE NY cocoa (CCN23 ) on Wednesday closed up +80 (+2.49), and July ICE London cocoa #7 (CAK23 ) closed up +41 (+1.56%). July NY cocoa prices on Wednesday rallied sharply to a new contract high and a new 7-1/2 year high on the nearest-futures chart. Cocoa prices continue...

Barchart

NY Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Wednesday closed -0.46 (-2.00%), while Aug London white sugar #5 (SWQ23 ) closed up +1.60 (+0.26%). NY sugar prices on Wednesday extended the sharp 6-session sell-off and fell to a new 2-3/4 month low, generating more technical selling pressure. Sugar prices have...

Barchart

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Bangkok Post

'El Nino' set to weaken rainy season

Thailand's weather is already being influenced by a "mild" El Nino phenomenon, according to the Office of the National Water Resources (ONWR), which also called on all related agencies to help gear up in case the country suffers a drought.

Barchart

Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.69 (-2.91%), and Aug London white sugar #5 (SWQ23 ) closed down -21.20 (-3.27%). NY sugar prices on Tuesday extended the sharp 5-session sell-off and fell to a new 2-1/2 month low, generating more technical selling pressure. Sugar prices...

Barchart

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Monday closed down -0.46 (-1.90%), and Aug London white sugar #5 (SWQ23 ) closed down -8.90 (-1.35%). NY sugar prices on Monday extended last week's sharp sell-off and fell to a new 2-month low, generating more technical selling pressure. Sugar prices have...

Barchart

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Friday closed down -0.75 (-3.01%), and Aug London white sugar #5 (SWQ23 ) closed down -16.60 (-2.46%). Sugar prices on Friday extended Thursday's sharp sell-off and fell to a 2-month low, generating technical selling pressure. Sugar prices fell sharply this week, mainly...

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Barchart

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Thursday closed down -0.95 (-3.67%), and Aug London white sugar #5 (SWQ23 ) closed down -19.50 (-2.81%). Sugar prices Thursday closed sharply lower on warmer Brazilian weather forecasts that reduced the chances for damaging frost. Sugar prices saw continued carry-over pressure from...

The Hindu

WHO prepares for El Nino-linked spread of viral disease

WHO is preparing for an increased spread of viral diseases like dengue, Zika and chikungunya linked to the El Nino weather phenomenon

Barchart

Sugar Closes Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23 ) on Wednesday closed down -0.34 (-1.30%), and Aug London white sugar #5 (SWQ23 ) closed down -7.80 (-1.11%). Sugar prices Wednesday closed lower on warmer Brazilian weather forecasts that reduced the chances for damaging frost. Also, sugar saw carry-over pressure from Sunday's news...

Barchart

Sugar Closes Lower on Weak Chinese Demand and Brazil Sugar Harvest Pressures

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.21 (-0.79%), and Aug London white sugar #5 (SWQ23 ) closed unchanged. Sugar prices Tuesday settled moderately lower. Weakness in sugar demand from China, the world's largest sugar importer, weighed on prices after China's Customs General Administration reported that...

The National (Scotland)

Sea off Scotland's east coast 'notably warmer' as record heat increases seen

GLOBAL sea surface temperatures in April and May were the highest on record, with some of the most intense heat increases on Earth recorded in seas…

Barchart

Sugar Prices Follow Crude Oil Higher

July NY world sugar #11 (SBN23 ) on Friday closed up +0.43 (+1.65%), and Aug London white sugar #5 (SWQ23 ) closed up +17.50 (+2.55%). Sugar prices Friday posted moderate gains, with NY sugar climbing to a 1-month high and London sugar climbing to a 2-week high. A rally in...

Bangkok Post

Govt must brace for El Niño

Experts are warning Thailand to brace for unusually low average rainfall that may lead to drought as a result of the El Niño weather pattern.

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