Latin America’s commodity exporters face El Niño, costly freight and a shifting US trade picture
AI Summary
El Niño is reshaping crop prospects across South America, with Kpler expecting the weather pattern to persist at least through February. The article also highlights freight costs and changes in the US trade environment as factors affecting the region’s commodity exporters.
El Niño shifts the balance for South American crops El Niño is firmly established, with Oceanic Niño Index (ONI) levels above 2, and Kpler expects it to last at least until February. The weather pattern typically brings less rain to eastern Australia, India and northern Brazil, and better rainfall to southern Brazil, northern Argentina and ...
World Markets Commodities Shipping El Niño South America crop outlook commodity exports freight costs US trade