Moreton Capital Partners is hunting $500 million in capital for a special‑purpose vehicle that will trade commodities vulnerable to a looming El Niño. The fund will focus on South African corn, Malaysian palm oil and Australian wheat, aiming to profit from weather‑driven price swings.

Co‑founder Les Finemore warned that markets misprice the risk of a potentially record‑breaking El Niño. The phenomenon could spike global food costs, a concern echoed by the World Bank as India faces a delayed monsoon. Investors eyeing weather exposure may find the strategy attractive.

The MCP Special Opportunities Fund plans to launch trading by early July and raise capital by September’s end. It will use cross‑commodity relative‑value trades and futures and swaps, targeting insurers, endowments and pension plans.

Moreton, headquartered in Mexico City, blends quantitative research with AI, underscoring that no two El Niños are identical. The firm believes the current event could reshape global food security.