The latest report by the World Meteorological Organization (WMO) paints a disquieting picture of the state of global climate.  The WMO releases a report each year, summarizing the weather that occured.  The earth had rising sea levels and its warmest year yet, just edging out 2015.  November saw the lowest global sea ice ever recorded.  Carbon Dioxide concentrations pushed past the 400 ppm threshold in late 2015. As a result, these unprecedented observations are continuing to highlight the anthropogenic impacts on our climate system.

“We are now in truly uncharted territory.” David Carlson, director of the World Climate Research Program

Commodities affected

“Recently, we’ve experienced a warm winter in the U.S., flooding in California, freezes for European vegetables and record heat in Australia. The extreme weather has not impacted most agriculture commodities.  However, this may change come the summer.” -Jim Roemer