{"id":2006,"date":"2024-07-05T10:55:07","date_gmt":"2024-07-05T10:55:07","guid":{"rendered":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/?p=2006"},"modified":"2024-07-05T10:55:08","modified_gmt":"2024-07-05T10:55:08","slug":"la-nina-may-not-form-this-summer-what-history-says-about-early-season-grain-sugar-weather-the-markets","status":"publish","type":"post","link":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/la-nina-may-not-form-this-summer-what-history-says-about-early-season-grain-sugar-weather-the-markets\/","title":{"rendered":"La Ni\u00f1a may not form this summer: What history says about early season grain, sugar weather &amp; the markets"},"content":{"rendered":"\n<p><strong>\u201cLa Ni\u00f1a may not form this summer: What history says about early season grain, sugar weather &amp; the markets\u201d<\/strong><\/p>\n\n\n\n<p><em>by Jim Roemer &#8211; Meteorologist &#8211; Commodity Trading Advisor &#8211; Principal, Best Weather Inc. &amp; Climate Predict &#8211; Publisher, Weather Wealth Newsletter&nbsp;<\/em><\/p>\n\n\n\n<p><strong>\u00a0&#8211; \u00a0Weekend Report: June 7-9, 2024<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"438\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-1024x438.png\" alt=\"\" class=\"wp-image-2007\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-1024x438.png 1024w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-300x128.png 300w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-768x329.png 768w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-1536x658.png 1536w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-93-2048x877.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>We saw some short-covering in grains late this week, as prices got a bit too cheap ahead of the North American summer and built some of the bearishness into the corn and soybean market on recent great early-season planting conditions in the Midwest.<\/p>\n\n\n\n<p><p class=\"responsive-video-wrap clr\"><iframe title=\"Best weather scenario plays out around the world - James Roemer\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/YSMgEkfVnr4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>This video is a May 27th interview I did on \u201cMarket to Market\u201d&nbsp;<\/strong>&nbsp;(A popular Midwest farm radio show).<\/p>\n\n\n\n<p>&nbsp;I am the most frequent \u201cpodcast\u201d guest on this &nbsp;PBS program and \u201cpreviously\u201d discussed the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The active tornado season and\u00a0<em><strong>weakening\u00a0El Ni\u00f1o events<\/strong><\/em>\u00a0and\u00a0<em><strong>what that may portend for corn and soybeans in terms of June and July weather.\u00a0<\/strong><\/em>However, based on my in-house\u00a0<a href=\"http:\/\/www.climateprecit.com\/\">www.climateprecit.com<\/a>\u00a0<strong>software, all of this talk about La Ni\u00f1a come July or August is over-done.<\/strong><\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>The\u00a0<em><strong>record warm oceans<\/strong><\/em>\u00a0and how this could be a\u00a0caveat for some potential weather issues, especially in August.<\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>My\u00a0<em><strong>previous slightly bullish wheat outlook on Russian weather problems four weeks ago.\u00a0<\/strong><\/em>However, the decent U.S. wheat crop and seasonal bearish factors have pressured the market. My one new concern for the wheat market is the tremendous flooding in parts of Germany and\u00a0Eastern Europe.<\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>A<em><strong>\u00a0closer look at the Russia\/Ukraine weather forecast from 10 days ago<\/strong><\/em>\u00a0and some rains in key areas that helped to take the steam out of the wheat market this past week<\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>A look at the\u00a0<em><strong>U.S. drought index\u00a0<\/strong><\/em>and how I predicted this spring (great Midwest rains back in March).<\/li>\n<\/ul>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>Weakening El Ni\u00f1o events and\u00a0<strong>what corn prices usually do into July. This season, however, drought in Mexico and previous weather issues in South America will have to be watched to offset poor demand for corn.<\/strong><br>\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Weather is key from coffee to sugar and of course grains and the natural gas market.&nbsp;<\/p>\n\n\n\n<p>2025 sugar crop may be compromised if dryness continues.<\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"597\" height=\"807\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-94.png\" alt=\"\" class=\"wp-image-2008\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-94.png 597w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-94-222x300.png 222w\" sizes=\"(max-width: 597px) 100vw, 597px\" \/><\/figure>\n\n\n\n<p>Download a 2 week free trial to WeatherWealth or this latest FREE issue about the sugar and grain market with recent trade ideas here<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bestweatherinc.com\/new-membership-options\/\">https:\/\/www.bestweatherinc.com\/new-membership-options\/<\/a>\u00a0\u00a0(<strong>only if you have not received our complimentary offers before<\/strong>\u2014no gmail or yahoo accounts, please. Kindly enter your actual name into the requested data field, as a professional courtesy \u2014 Thank You!)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"747\" height=\"511\" src=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-95.png\" alt=\"\" class=\"wp-image-2009\" srcset=\"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-95.png 747w, https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-content\/uploads\/2024\/07\/image-95-300x205.png 300w\" sizes=\"(max-width: 747px) 100vw, 747px\" \/><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Thanks for your interest in commodity weather!<\/p>\n<\/blockquote>\n\n\n\n<p><em><strong>Jim Roemer, Scott Mathews, and The Weather Wealth Team&nbsp;<\/strong><\/em><\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><em>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.&nbsp;<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/barchart-news-media-prod.aws.barchart.com\/IF\/b844fd2c4a1bfd26262c09d30c25d191\/nm7l5yi7rk6u99sa.png\" alt=\"Nm 7 l 5 yi 7 rk 6 u 99 sa\"\/><figcaption class=\"wp-element-caption\">\u201cYou can&#8217;t change the weather, but you can profit from it\u201d<\/figcaption><\/figure>\n\n\n\n<p><em>On the date of publication,&nbsp;<a href=\"https:\/\/www.barchart.com\/news\/authors\/63\/jim-roemer\">Jim Roemer<\/a>&nbsp;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&nbsp;<a href=\"https:\/\/www.barchart.com\/terms#disclosure\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cLa Ni\u00f1a may not form this summer: What history says about early season grain, sugar weather &amp; the markets\u201d by Jim Roemer &#8211; Meteorologist &#8211; Commodity Trading Advisor &#8211; Principal, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,16],"tags":[],"class_list":["post-2006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inside-futures","category-softs","entry","has-media"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=2006"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2006\/revisions"}],"predecessor-version":[{"id":2011,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/2006\/revisions\/2011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media\/2010"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=2006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=2006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=2006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}