El Nino forecasted very strong
Analysis based on 34 articles · First reported Jul 02, 2026 · Last updated Jul 11, 2026
The forecast of a very strong El Nino could affect commodity markets, particularly agricultural commodities due to altered rainfall patterns, and energy markets due to potential changes in heating demand. Insurance and reinsurance sectors may face increased claims from extreme weather events.
The U.S. United States — National Oceanic and Atmospheric Administration (NOAA) announced on July 10, 2026, that the current El Nino has an 81% chance of becoming 'very strong' by fall, potentially ranking among the most intense since 1950. The event, which formed in June, has already reached moderate strength with ocean temperatures at record highs for this time of year, partly due to climate change. Impacts are expected in fall and winter, including a rainier southern U.S., warmer northern U.S. and Canada, drier Indonesia, and a dampened Atlantic hurricane season. Colorado State University reduced its hurricane forecast. Scientists warn of potential global temperature records in 2027.
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