A super El Niño and the Iran war are colliding in the same six-month window, and the models pricing global food risk were never built for shocks arriving in stereo
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The last time a Pacific weather cycle of this magnitude collided with a live regional war, the models pricing global food risk were never built for shocks arriving in stereo. This time, the cushion is gone. The strength of a developing strong El Niño could push global food commodity prices up significantly, with effects rippling through supply chains for years. Layer that onto ongoing geopolitical tensions, which have already driven world food prices higher, and the planet is staring at two shoc
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