Why La Niña may not form for a while: A look at other forecasting techniques for summer global commodities

“Why La Niña may not form for a while: A look at other forecasting techniques for summer global commodities”

by Jim Roemer – Meteorologist – Commodity Trading Advisor – Principal, Best Weather Inc. & Climate Predict – Publisher, Weather Wealth Newsletter 

  •  Friday Evening Weekend Report: June 14-16, 2024

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In this comprehensive weekend video,  I   a d d r e s s   t h e    f o l l o w i n g:

1) A look at recent rainfall maps in the corn belt and why the grain market has not yet gotten excited about potential hot weather deeper in June or early July;


2) Rainfall forecast for the next 10 days. Some flooding and severe weather are possible in the northwest corn belt. Will this cause some replanting of corn over to soybeans?


3) Strong El Niño events… How often did they transition to La Niña?


4) Why El Niño neutral conditions should exist through at least August. What does this mean? Weather and market volatility with a fluctuating SOI index;


5) Mexico’s record heat and drought. Indications for July temperatures?


6) A look at soft commodities and market action for orange juice, coffee, and sugar;


7) What does another record-warm winter suggest for summer temperatures? Are sunspots to blame?

  •   > > > > >    Not in this video (WeatherWealth subscribers only) is a discussion of cocoa’s incredible bull market and why I think cocoa prices will eventually head lower.
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 Thanks for your interest in commodity weather!
 

Jim Roemer, Scott Mathews, and The Weather Wealth Team 

  • Please feel free to learn about Jim Roemer, our track record, and how we use weather to help traders, hedgers, and investors. If you have any questions, please don’t hesitate to drop me a line  – Scott Mathews, Editor

Mr. Roemer owns Best Weather Inc., offering weather-related blogs for commodity traders and farmers. He also is a co-founder of Climate Predict, a detailed long-range global weather forecast tool. As one of the first meteorologists to become an NFA registered Commodity Trading Advisor, he has worked with major hedge funds, Midwest farmers, and individual traders for over 35 years. With a special emphasis on interpreting market psychology, coupled with his short and long-term trend forecasting in grains, softs, and the energy markets, he established a unique standing among advisors in the commodity risk management industry.

Trading futures and options involves a significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results. There is no warranty or representation that accounts following any trading program will be profitable.

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“You can’t change the weather, but you can profit from it”

On the date of publication, Jim Roemer did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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