[Guangfa Securities: El Nino or focus on the impact of extreme Weather on crop production this Summer]-Guangfa Securities reported that according to the latest ENSO prediction model released by the American Center for International Research on Climate and Society (IRI) in May, the tropical Pacific is currently in a neutral warm state of ENSO, and the probability of El Nino occurring in May-July is 82%. The probability of occurrence between July and September is 91%, and that between September and November has increased to 94%. The equatorial eastern Pacific is expected to enter an El Ni ñ o state this summer. The extreme weather caused by El Ni ñ o may have a certain impact on crop production, increasing the uncertainty in crop production as a whole, resulting in reduced yields of crops such as white sugar and rising prices. It is suggested to pay attention to Cofco sugar industry, Nanning sugar industry, Longping high-tech, sea seed industry and so on.