The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Money in the Market: Is El Niño bringing the heat to commodity markets as well?

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The beginning of July was the hottest week on record for the planet, after a series of scorching days saw global temperature records tumble. And that’s the effects of El Niño. The hot weather not only gives us sweats, but the changing weather patterns also have an effect on our crops - and thus, moving commodity markets. On Money in the Market, Hongbin Jeong speaks to Priyanka Sachdeva, Market Analyst, Phillip Nova to take a closer look at how the hot weather has affected commodity prices thus far, as well as what the outlook for commodity market is for the rest of the year. 

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