Agricultural commodities are back in focus, but this time the story goes beyond weather alone.

In this episode of The Commodity Exchange, Mobeen Tahir is joined by Aneeka Gupta to explore how El Niño and rising geopolitical tensions are reshaping agricultural markets. From the Strait of Hormuz and fertiliser supply to cocoa, coffee, wheat and corn, they discuss the forces driving prices higher and what investors should be watching over the months ahead.

The conversation also examines why agricultural commodities can play an important role in portfolio diversification, how weather cycles affect different crops in different ways, and why a broad basket approach may help investors navigate an increasingly complex market.