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June 24, 2026

How a Super El Niño Could Drive Food Inflation

With other geopolitical headlines dominating the news cycle, it is easy to overlook that a potential super El Niño is widely forecast for the year ahead.

A super El Niño occurs when ocean temperatures rise significantly above normal levels, typically bringing more flooding to certain areas and droughts toothers, leading to reduced agricultural yields and higher food, energy, and metal prices.

A super El Niño could potentially drive a new wave of global food inflation over the next 6–15 months, as risks are being amplified by an increased demand for biofuels and fertilizer supply constraints due to the conflict with Iran.

Hear more on this from Jeff’s at the NYSE, and if you’re interested in learning more about how climate issues like a super El Niño can potentially influence investment returns, connect with us to learn more about our thematic investing opportunities.

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