Latest from Bloomberg: Due to the strongest El Niño of the year sweeping across the globe, Thailand's sugar production next season might drop by at least 17%! As one of the world's top sugar producers and exporters, Thailand consistently ranks among the top three in global sugar production. With a relatively small population and low domestic demand, it’s also the second-largest sugar exporter in the world, just behind Brazil! Looking at historical El Niño trading patterns, here’s a little rhyme: Drought drives rubber, palm, and sugar high, Southeast Asia dries, supply runs tight. Heavy rains halt copper mines, South America stops, prices climb. Rain in the Americas, beans and corn thrive, Supply abundant, don’t hold the line. Scorching heat boosts coal and power, Heatwaves push natural gas higher. Hydropower short, aluminum cuts, Costs soar, prices erupt. This year and next, El Niño is highly likely to cause inflation to keep spreading, making it harder to ease. The world may enter a new rate hike cycle. Especially with the Bank of Japan’s rate decision coming up on the 18th next week, a rate hike is almost a certainty! Risk assets may face another round of valuation cuts due to rate hikes by major global economies, so patience is needed to wait for the right opportunities! Sponsored by @binancezh: "Buy U.S. stocks on Binance: Global assets, zero time lag, one-click access"!