El Nino Looms: Agricultural Commodities Prices Soar Ahead of Weather Pattern

Agricultural commodity prices are already rising in anticipation of an El Nino weather pattern, according to TD Asset Management's Vice President and Director of Commodities, Humza Hussain. In a recent discussion on MoneyTalk, he highlighted the impact that this phenomenon could have on food prices. The warm North American winter could lead to lower natural gas prices.

The commodities market is closely watching the development of El Nino, which could bring drought and crop damage to various regions around the world. As a result, agricultural commodity prices are expected to continue rising ahead of this weather pattern.