El Nino
The situation will be closely watched as the harvest approaches and exporters prepare for heavier corn and soybean movement.
Improved coffee output could strengthen the U.S. supply, but input costs and weather risks keep the outlook uncertain.
Texas A&M economist John Robinson says speculative buying helped push ICE cotton futures sharply higher.
While social media has labeled the possible event a “Godzilla El Niño,” experts say the intensity remains uncertain—but the signal for a stronger pattern is there.