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<ul class="summary-list"><li>Over 2,000 dead penguins have washed up on the shores of Uruguay.</li><li>The birds have tested negative for the avian flu, leaving experts guessing at causes of death.</li></ul><p>A mysterious and alarming scene has greeted beachgoers of eastern Uruguay for the last ten days, as about 2,000 penguins have washed up dead for no discernible reason.</p><p>According to reporting from<a href="https://www.sciencetimes.com/articles/45018/20230723/roughly-2-000-penguins-found-dead-along-uruguay-coast.htm" target="_blank" rel="noopener"> The Science Times</a>, the birds, which are Magellanic penguins, have all tested negative for the avian flu, ruling out a common cause of mass death in bird species.</p><p>According to the Times, Magellanic penguins can be found across the Pacific and the Atlantic, with concentrations in the Falkland Islands, Chile, and Argentina. The Times added that they move north in colder temperatures to find warmer water and food.</p><p>The birds grow to about 24 inches and weigh between six and 14 pounds.</p><p>Ninety percent of the dead birds are young and have empty stomachs and no fat reserves, according to comments to the Times from Head of the Department of Fauna at Uruguay's Environment Ministry, Carmen Leizagoyen.</p><p>Leizagoyen added that such large numbers of the birds dying is unexpected and abnormal and said the deaths occurred in the water before the birds washed up on the shore. She also cited another "die-off" incident that occurred in 2022 in Brazil, in which the cause of deaths of the penguins were also unable to be determined.</p>    <p>According to <a href="https://www.ndtv.com/world-news/nearly-2-000-penguins-die-mysteriously-wash-up-on-uruguay-coast-4231385#:~:text=Montevideo%2C%20Paraguay%20%3A,remains%20a%20mystery%2C%20authorities%20said." target="_blank" rel="noopener">reporting from NDTV,</a> some environmental advocates, like SOS Marine Wildlife Rescue's Richard Tesore, speculate that the deaths could be caused by <a href="https://www.businessinsider.com/ocean-animals-that-went-extinct-species-threatened-2019-6">overfishing and various illegal fishing practices</a>.</p><p>Tesore also told NDTV that a subtropical cyclone hit southeastern Brazil in mid-July, which may have already caused weaker animals to die off. Tesore added that he found other dead animals on the beach, like seagulls and sea turtles.</p><p>The tragic incident is just <a href="https://www.businessinsider.com/gray-whales-or-devil-fish-friendly-to-humans-baffling-scientists-2023-7?_gl=1*1qo1c9k*_ga*MzIwMjM2OTE4LjE2ODY1OTY2MTY.*_ga_E21CV80ZCZ*MTY5MDE2ODY3Mi4xMDguMS4xNjkwMTY4Nzc3LjQ0LjAuMA..">one in a string</a> of <a href="https://www.businessinsider.com/scotland-whales-died-after-refusing-leave-side-of-injured-female-2023-7?_gl=1*u2ryax*_ga*MzIwMjM2OTE4LjE2ODY1OTY2MTY.*_ga_E21CV80ZCZ*MTY5MDE2ODY3Mi4xMDguMS4xNjkwMTY4NzIyLjEwLjAuMA..">bizarre marine events</a> over the summer, with the most notable being a string of incidents involving <a href="https://www.businessinsider.com/stop-calling-killer-whale-encounters-with-boats-attacks-2023-6">killer whales</a> that have bumped into and, in some cases, <a href="https://www.businessinsider.com/orcas-beginning-whale-human-encounters-likely-to-rise-2023-7?_gl=1*85t9rq*_ga*MzIwMjM2OTE4LjE2ODY1OTY2MTY.*_ga_E21CV80ZCZ*MTY5MDE2ODY3Mi4xMDguMS4xNjkwMTY4NzYzLjU4LjAuMA..">sank sailboats</a> off the Iberian coast.</p><p>Uruguay's Ministry of Environment did not respond immediately to Insider's request for comment, sent outside of working hours on the weekend.</p>

More than 2,000 dead penguins washed up on Uruguay's coast. A bird expert says they can't pinpoint a cause.

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>REUTERS/Lucas Jackson</span></p></div><p></p></div></div></p><ul class="summary-list"><li><strong>Goldman Sachs is closing 10 of its commodity trading decisions made in December as a reflection of a changing macroeconomic landscape, according to a note published Friday. </strong></li><li>"Time to go micro," the bank says, meaning smaller, sector specific risks are now taking center stage. </li><li>The bank is bullish on agriculture and pork, among other commodity picks.</li></ul><p>Goldman Sachs named its 10 best commodity trades last year. It's now dropping all of them. </p><p><span>"We are closing all of our remaining top 10 trading recommendations from last December - all of which were based upon misplaced macro risk - and opening up 10 new top trades," analysts wrote in a note to clients on Friday. </span></p><p><span>"Time to go micro," the bank says, meaning smaller, sector-specific risks are now taking center stage. </span></p><p>Goldman Sachs says there has been a rise in "idiosyncratic micro risk," such as Vale's dam disaster in Brazil, African swine fever, and cyclones. There's also been a drop in "macro" risks <span>-</span> both the US and China appear closer to a deal in the ongoing trade war and recessionary fears have dimmed, the bank says.</p><p>"So far this year, policy makers around the globe have demonstrated substantial flexibility," the note said. "Accordingly, macroeconomic tail risks to both the upside and downside have been sharply reduced." </p><p>Commodity demand has also bucked expectations. A decline in volatility in commodity markets has made micro-economic markers better opportunities for value, according to Goldman.</p><p>The dovish moves from the Federal Reserve and European Central Bank, alongside more accommodative policies in China, have aided this shift. </p><p>Some of the specific micro risks, the bank says, include rising climate volatility; economic sanctions on Iran and Venezuela that are creating "material disruptions"; and viruses have reduced livestock supply in some areas, notably in China. </p><p>Goldman is particularly bullish on agriculture <span>-</span> saying the increasing likelihood of a US-China trade deal would remove damaging tariffs from key commodity sectors. </p><p>The note emphasises a long position on US agriculture (the bank is specifically long the S&amp;P GSCI Agriculture &amp; Livestock Index) in the hopes that soybean purchases will spike in the event of a US-China trade war detente.</p><p>Pork is also key. Goldman says US pork import prices might fall from highs after an outbreak of African swine fever in China trimmed livestock supply. </p><p>"Export commitments to China have risen dramatically this year, and we see further room for expansion in realized shipments" in livestock, the note says. </p><p><strong>Other new positions include:</strong></p><ul><li>Long copper and short zinc</li><li>Long December 19 aluminum and short December 20 aluminum futures</li><li>Long 62% vs. 58% iron ore premium</li><li>Long gold and short silver </li><li>Long palladium, short platinum trade</li><li>Long S&amp;P GSCI Agriculture &amp; Livestock Index</li><li>Long London Metals Exchange aluminum and short Shanghai Futures Exchange aluminum</li></ul><p><strong>Here are the closed trades: </strong></p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Goldman Sachs</span></p></div><p></p></div></div></p><p class="tagline">Get the latest Gold price<a href="http://markets.businessinsider.com/commodities/gold-price"> here.</a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/stewart-butterfield-advice-for-millenials-2015-7">Stewart Butterfield, co-founder of Slack and Flickr, says 2 beliefs have brought him the greatest success in life</a></h3>        <div>                    </div>    </div>

Goldman Sachs just dropped its top commodity recommendations, saying risks were 'misplaced' - here are its new batch of trades

<p>&#xa0;</p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div></div></div>The 2015-16 El Niño has <a href="http://www.bom.gov.au/climate/enso/">likely reached its end</a>. Tropical Pacific Ocean temperatures, trade winds, cloud and pressure patterns have all dropped back to near normal, although clearly the event's impacts around the globe are still being felt.<p>Recent changes in Pacific Ocean temperatures have been comparable to the decline seen at the end of the 1998 El Niño, although temperatures remain warmer than at the end of the most recent El Niño in 2010. Models suggest that ocean cooling will continue, with little chance of a return to El Niño levels in the immediate future.</p><p></p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><p>The 2015-16 El Niño will go down as one of the three strongest El Niño events since 1950. Every El Niño is different, but typically the stronger the event, the greater its global impact. The 2015-16 El Niño was no exception, with wide-ranging effects felt around the world.</p><p>El Niño also added to the globe's warming trend, making <a href="https://theconversation.com/2016-is-likely-to-be-the-worlds-hottest-year-heres-why-59378">2015 the world's hottest calendar year on record</a>. Early indications are that 2016 could be hotter still.</p><p>So as El Niño fades, let's take stock of its impacts worldwide.</p><p></p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><h2>Africa</h2><p>Drought meant that <a href="https://www.iol.co.za/business/news/farmers-owe-banks-r125bn-as-crops-wither-1971244">South African food production</a> was around six million tonnes below normal levels - the lowest since 1995.</p><p>In Zimbabwe, Malawi and Mozambique, maize prices were at least 50% higher than usual, with drought unlikely to break until rains in summer 2016-17. In the <a href="https://www.climate.gov/news-features/event-tracker/not-so-rainy-season-drought-southern-africa-january-2016">driest areas of Zimbabwe</a>, more than 75% of crops were lost. In May 2016, Zimbabwean national parks put wildlife up for sale in a bid to save animals from drought.</p><p>The <a href="http://www.theaustralian.com.au/news/world/the-times/chocolate-prices-to-rise-as-el-nino-brings-big-dry-to-west-africa/news-story/7b68da82787af93e2557435638699c47">cost of chocolate</a> hit a four-year high as a result of drought and lost production in the world's major cocoa producer, Ivory Coast.</p><p>Drought also affected Ethiopia, Somalia, Swaziland, Zambia and parts of Madagascar, with more than 10 million Ethiopians in need of food aid.</p><p>In December 2015, <a href="http://www.fao.org/3/a-i5282e.pdf">Rift Valley fever</a> was reported in East Africa. The disease is associated with heavy rainfall providing a fertile breeding ground for the mosquitoes that carry the virus.</p><p>In Tanzania, <a href="http://www.dw.com/en/el-nino-induced-floods-ravage-east-africa/a-19245333">heavy rain destroyed crops and food reserves</a>, while in Kenya <a href="http://www.unocha.org/el-nino-southern-africa">heavy rains aggravated cholera outbreaks</a>. In May 2016, landslides in Rwanda cost many lives and heavy rains damaged infrastructure and hundreds of homes.</p><h2>The Pacific region</h2><p>El Niño is often, but not always, associated with <a href="https://theconversation.com/when-the-indian-ocean-and-el-nino-join-forces-things-can-get-hot-and-dry-48969">drought in Australia</a>. But the drying influence of the 2015-16 El Niño was initially tempered somewhat by very warm temperatures in the Indian Ocean. From April to August, above-average rainfall fell over parts of inland Western Australia, New South Wales and eastern Victoria.</p><p>But by spring, the Indian Ocean was helping El Niño, resulting in Australia's third-driest spring on record, limiting growth at the end of the cropping season. A record early heatwave in October further <a href="http://www.farmonline.com.au/news/agriculture/cropping/grains/el-nio-hammers-wheat-crop/2745601.aspx">reduced crop production in the Murray-Darling Basin</a>.</p><p>However, the lack of heavy rains in the north and west meant <a href="http://www.reuters.com/article/us-mining-australia-elnino-idUSKCN0S601W20151012">reduced downtime for mining</a>.</p><p>The northern wet season produced a record-low three tropical cyclones in the Australian region. The previous record was five, which happened in 1987-88 and again in 2006-07 - both El Niño years.</p><p>Fewer clouds and less tropical rain contributed to the <a href="https://theconversation.com/au/topics/coral-bleaching">most severe coral bleaching</a> event on record for the Great Barrier Reef.</p><p>The combination of heat and low rainfall brought a very early start to the fire season, with more than 70 fires burning in Victoria and around 55 fires in Tasmania during October. Dry conditions in Tasmania also resulted in hundreds of fires being started by dry lightning in mid-January 2016. The <a href="https://theconversation.com/fires-in-tasmanias-ancient-forests-are-a-warning-for-all-of-us-53806">fires damaged large areas of the Tasmanian Wilderness World Heritage Area</a>, including areas of rainforest and bogs, which may not have seen fire for centuries.</p><p>In Papua New Guinea, <a href="https://theconversation.com/as-papua-new-guinea-faces-worsening-drought-a-past-disaster-could-save-lives-46390">drought and frost led to crop failures and food shortages</a>. Staple sweet potato crops in the highlands were severely damaged by August frosts - the result of El Niño reducing night-time cloud cover - which also destroyed wild plants that are usually eaten as a backup source of food.</p><p>Vanuatu, Fiji, the Solomon Islands, Samoa and Tonga experienced <a href="http://www.sbs.com.au/news/article/2015/12/14/el-nino-warning-bells-ringing-oxfam">worsening drought</a>. Islands closer to the Equator such as Kiribati and Tuvalu had intense rain causing flooding, as well as higher sea levels due to warmer waters and weaker trade winds.</p><h2>Asia</h2><p>In the Philippines, drought was declared in 85% of provinces. Indonesia experienced its worst drought in 18 years. <a href="https://theconversation.com/indonesia-fires-threaten-to-send-even-modest-climate-ambitions-up-in-smoke-49155">Forest fires caused poor air quality</a> over vast neighbouring areas including Singapore, Malaysia, southern Thailand and the southern Philippines.</p><p>In the Mekong Basin, delayed monsoon rains reduced rice production, with significant reductions in Vietnam. In Thailand, severe water shortages led to water rationing and delayed rice planting. The Thai government <a href="http://time.com/3960462/thailand-drought/">lowered its forecast for rice exports</a> by two million tonnes. This led to some African countries increasing their imports, fearing a price rise.</p><p><a href="http://www.bloomberg.com/news/articles/2016-03-28/malaysian-palm-oil-production-to-worsen-on-el-nino-mistry-says">Palm oil prices rose</a> as supplies became limited due to drought in Malaysia and Indonesia. In April 2016, a heatwave set national temperature records for Thailand, Laos and Cambodia.</p><p>Northern parts of China experienced drought in 2015. Heavy rainfall in southern China persisted through the second half of 2015, with flooding and landslides recorded along the Yangtze River Valley. China's December-to-February rainfall was approximately 50% above normal. In May 2016, heavy rain caused <a href="http://www.scmp.com/news/china/society/article/1949392/torrential-rains-claim-eight-lives-southern-chinas-guangdong">flooding and landslides in China's Guangdong province</a>.</p><p>In India, <a href="http://www.bloomberg.com/news/articles/2016-05-03/india-is-suffering-one-of-its-worst-droughts-in-decades">below-average monsoon rains</a> in June to September led to reduced rice, corn, cotton and sugar output in 2015. Below-average rainfall between October and December also affected India's wheat harvest. Major water shortages emerged in some areas, including Mumbai - the result of two years of failed rains.</p><p>Indian Premier League cricket matches were relocated from Mumbai, Pune and Nagpur due to water restrictions. Record heat affected the north and west of the country in May, setting a <a href="http://reliefweb.int/report/india/india-sets-new-heat-record-temperatures-soar">new national record of 51?</a> in Phalodi.</p><p>Conversely, some <a href="https://www.washingtonpost.com/news/capital-weather-gang/wp/2015/12/10/before-and-after-satellite-imagery-of-the-historic-flooding-in-chennai-india/">southern parts of India had exceptionally wet conditions</a>, with record-breaking rains and widespread flooding in Chennai in November and December. The city received over 300mm of rainfall on December 1, 2015; the wettest day in more than a century.</p><h2>South and Central America</h2><p>Peru experienced widespread flooding and mudslides in early 2016, with heavy rain leaving more than 5,000 people homeless. In Ecuador, flooding and landslides damaged properties and affected shrimp production.</p><p>More than 150,000 people were evacuated from <a href="http://www.bbc.com/news/world-latin-america-35184793">flooded areas in Paraguay, Uruguay, Brazil, and Argentina</a> in December 2015. Some experts have linked El Niño flooding to outbreaks of <a href="http://who.int/hac/crises/el-nino/22february2016/en/">mosquito-borne diseases such as Zika virus</a>.</p><p>In January 2016, Argentina experienced its worst locust plague since 1954, following heavy rains and warm temperatures. Heavy rains returned to Argentina and Paraguay in April 2016, causing large agricultural losses.</p><p>In contrast, <a href="http://latincorrespondent.com/2016/02/el-nino-wreaks-havoc-in-colombia/">Colombia experienced drought and forest fires</a>, which caused severe damage to crops and pushed up food prices, leading to malnutrition in some areas. In November 2015, the United Nations warned that 2.3 million people would need food aid in Central America.</p><p>The Caribbean also experienced drought; Cuba had its most severe dry season in 115 years; Barbados, Dominica, the Virgin Islands, Puerto Rico, Antigua, Barbuda and Saint Lucia experienced water shortages, with the latter declaring a national emergency. The Dominican Republic experienced serious agricultural losses.</p><p>Brazil had a particularly high number of forest fires during 2015, exacerbated by ongoing drought conditions in the Amazon region. Drought in Brazil and Colombia (and Indonesia) meant <a href="https://weather.com/science/environment/news/el-nino-weather-damages-coffee-crops">coffee prices soared</a> as dry conditions affected all the major coffee-producing countries.</p><p>In contrast, excess rain in northeast Brazil flooded crops, leading to rises in the sugar price worldwide.</p><h2>North America</h2><p>In California, many hoped that El Niño would bring relief from five years of drought. But despite some regions getting heavy rain more typical of El Niño, leading to mudslides, El Niño failed to end the long-term dry.</p><p>In the southeast and south-central United States, rainfall was above normal. Major flooding occurred along the Mississippi River. Missouri received three times its normal rainfall during November and December 2015.</p><p><a href="http://www.abc.net.au/news/2016-05-17/crabs-carpet-california-beaches/7420956">Warmer-than-average sea surface temperatures</a> offshore meant warm water species such as sea snakes, red tuna crabs and hammerhead sharks were found on Californian beaches.</p><p><em>For information on the current and forecast state of ENSO, keep an eye on <a href="http://www.bom.gov.au/climate/enso/">the Bureau's ENSO Wrap-Up</a>.</em></p><div class="KonaFilter image-container"><div class="image"><div class="KonaFilter image-container"><div class="image"></div></div></div></div><p><span><a href="http://theconversation.com/profiles/alison-cook-269168">Alison Cook</a>, Climatologist, <em><a href="http://theconversation.com/institutions/the-bureau-of-meteorology">Australian Bureau of Meteorology</a></em>; <a href="http://theconversation.com/profiles/andrew-b-watkins-2818">Andrew B. Watkins</a>, Manager of Climate Prediction Services, <em><a href="http://theconversation.com/institutions/the-bureau-of-meteorology">Australian Bureau of Meteorology</a></em>; <a href="http://theconversation.com/profiles/blair-trewin-3692">Blair Trewin</a>, Climatologist, National Climate Centre, <em><a href="http://theconversation.com/institutions/the-bureau-of-meteorology">Australian Bureau of Meteorology</a></em>, and <a href="http://theconversation.com/profiles/catherine-ganter-259928">Catherine Ganter</a>, Senior Climatologist, <em><a href="http://theconversation.com/institutions/the-bureau-of-meteorology">Australian Bureau of Meteorology</a></em></span></p><p>This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/el-nino-is-over-but-has-left-its-mark-across-the-world-59993">original article</a>.</p><div class="KonaFilter image-container"><div class="image"><div class="KonaFilter image-container"><div class="image"></div></div></div></div>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/weather-system-in-a-box-2016-3">This is a weather system in a box</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="E0dTNpMTE6pr_yrk_cImaAg0baJy6XE7" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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More than 2,000 dead penguins washed up on Uruguay's coast. A bird expert says they can't pinpoint a cause.

Sebastian Cahill

Goldman Sachs just dropped its top commodity recommendations, saying risks were 'misplaced' - here are its new batch of trades

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El Nino is over - but its impacts are still being felt across the globe

Alison Cook and Andrew B. Wat…

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