El Niño's Economic Impact

El Niño’s droughts, flooding and other extreme weather are affecting crops and commodities worldwide, contributing to higher prices for coffee, cacao and groceries, according to FOX Business contributor Phil Flynn. The U.S. has near-record soybean and corn crops, but cattle herds remain low after recent droughts. A potentially stronger El Niño this winter could also influence flood-insurance costs and natural gas prices as warmer conditions reduce demand in some areas.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article