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11.06.26 - 12:30
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First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify (ZeroHedge)
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First Major Weather Organization Declares El Nino Onset As Food Inflation Risks Intensify
For months, we have warned readers that the probability of El Niño formation was rising, with downstream risks across critical agricultural growing belts. That forecast has now moved from a risk scenario to reality, as the first major weather body has formally declared the onset of this warming pattern in the equatorial Pacific, threatening to disrupt rainfall, temperatures, crop yields, power demand, and commodity flows into year-end.
Bloomberg commodity expert Javier Blas wrote on X, "The Japanese Meteorological Agency becomes the first major weather body to formally call the onset of El Niño phenomenon in the Pacific."
"It's the first El Niño in three years, and some forecasters expect it to be one of the strongest ever," Blas noted.
The Japanese Meteorological Agency becomes the first major weather body to formally call the onset of El Niño phenomenon in the Pacific.
It's th...
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11.06.26 - 04:00
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When high jewellery becomes strategy (SCMP)
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[The content of this article has been produced by our advertising partner.]
Richard Mille's RM HJ-02 Automatic Tourbillon elevates haute joaillerie from embellishment to a defining force in contemporary watchmaking.
Strengthening a long-term vision for haute joaillerie
Across the industry, haute joaillerie has shifted from decorative flourish to a frontier where technicity, materials science and artistic expression converge. While many maisons regard haute joaillerie as an extension of......
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09.06.26 - 20:54
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U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated (ZeroHedge)
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U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated
The good news for US farmers is that urea fertilizer prices have returned to pre-US-Iran conflict levels after spiking from late February through mid-April. This is great news for farmers, though they are not out of the woods, as drought continues to plague some of the nation's top agricultural belts.
Prices for granular urea in New Orleans have slumped 36% since peaking at $710 per short ton in mid-April. Spot prices are currently $453, back to pre-conflict levels.
Bloomberg Intelligence analysts noted that a combination of oversupply and weak demand is pressuring US urea spot prices, which have fallen below those seen in more import-dependent markets such as Brazil and Egypt. The reversal in nitrogen fertilizer prices benefits farmers while also reducing part of the windfall enjoyed by CF Industries and Nutrien.
Shares of CF Industries and Nutrien are both down about 20%, closely tracking urea spot prices...
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09.06.26 - 17:30
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Wie man lernt, guten Wein zu trinken (Tichys Einblick)
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Die Grünen sorgen sich um die Volksgesundheit. Das ist löblich. Sie fordern die Regierung auf, „eine langfristige Alkoholpräventionsstrategie und ein Alkoholpräventionsgesetz“ vorzulegen. Insbesondere fordern sie, das sogenannte „begleitete Trinken“ abzuschaffen, bei dem Jugendliche ab 14 Jahren Bier oder Wein in Begleitung ihrer Eltern trinken dürfen. Das verstehe ich! Trinken, wenn die Eltern zusehen? Viel lustiger
Der Beitrag Wie man lernt, guten Wein zu trinken erschien zuerst auf Tichys Einblick....
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