Agriculture, Grains

October 21, 2026

El Niño and agriculture: Global wheat markets confront weather, export risks

HIGHLIGHTS

El Niño threatens global wheat production

Black Sea disruptions reshape supply chains

Traders assess risks across key markets

From Australian crop prospects and India's planting season to Argentina's export potential and Black Sea shipping disruptions, global wheat markets are entering a critical period. El Niño remains a major weather risk, while ongoing export constraints in the Black Sea continue to affect global supply chains and price relationships.

In this episode, Rohan Somwanshi, managing editor, Global Agriculture News, speaks with Vikneswaran Jeya Kumaran, associate analyst, Cost and Margins; Sampad Nandy, editor, Global Agriculture News; and Vivian Iroanya, senior price reporter, Agriculture & Food, about the biggest risks and opportunities that lie for wheat producers, traders and importers in the months ahead.

Related content:

INFOGRAPHIC: Brazil likely to stay key food supplier in MY 2026-27 amid El Niño

El Nino strengthens in Pacific, may persist into Jan-March 2027: NOAA

Black Sea disruption enters third month, pushes wheat buyers to alternative origins

Milling Wheat Marker $/mt (Price Assessment)

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