The El Niño effect: What it means for commodities By: CNBC.com News May 29, 2014 at 06:31 AM EDT The odds of extreme weather has crept up to 80 percent in favor, according to forecasters, posing a serious risk to the price of soft commodities. Read More >> Related Stocks: Societe Generale Spo ADR Stora Enso Oyj ADR