JUST IN: JPMorgan warns a global food supply shock could hit within the next year.

NOAA says there’s a greater than 90% chance this El Niño will be “very strong” through fall and winter.

For October through December, that chance rises to 95%.

There’s also a 69% chance it becomes historic. Stronger than every El Niño measured since 1950.

This is the next supply shock.