WMO: El Nino to intensify into super-strength event

For commodity and energy markets, the confirmation of a super-strength El Nino shifts the focus toward weather-driven supply disruptions, particularly in agriculture and soft commodities. The extended risk window through 2027 suggests that volatility may not be a short-term blip but a structural factor for pricing. The key question is how quickly and severely precipitation and temperature anomalies translate into measurable output changes across key producing regions.