With El Niño now clearly underway in the Pacific Ocean, you may wish to determine how to invest in coffee futures.
El Niño is coming. What that means for your morning coffee.
"This year’s weather disruption could spell trouble for the coffee market, which [World Bank economist/commodities analyst John] Baffes said is still recovering from a “major shock” associated with a recent drought in South America that damaged Brazil’s crop and sent the prices skyrocketing. Meanwhile, prices for food commodities more broadly have also been rising. The combined pressure from these factors may force coffee companies to increase prices, he said."
So, drink up.
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