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Weather shocks are rattling commodity markets as climate volatility rises

Commodity strategists say markets are underestimating how events like a “Super El Niño” and Europe’s heatwave can spill into multiple asset classes.

Reported · Written up by our desk · Energy Transition

CNBC Markets highlights how climate volatility, including a “Super El Niño” and Europe’s extreme heatwave, is starting to disrupt commodity markets.

The outlet reports that commodity strategists believe investors and markets are underestimating the impact of these weather shocks, with spillover effects across a range of asset classes.

CNBC World echoes the same theme, pointing to the broader challenge of pricing climate risk as these extreme weather patterns intensify.

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