Would you like to know what we think will happen to corn and soybean prices? (Paid subscribers find out our sentiment – so now is your opportunity to sign up!)
by Scott Mathews , Editor-in-Chief
Source: Jim Roemer – Meteorologist – Commodity Trading Advisor – Principal, Best Weather Inc. & Climate Predict – Publisher, Weather Wealth Newsletter and Climatelligence
Climatelligence is produced by Mr. Roemer and Mr.Mathews.
July 10, 2026
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What will happen to corn and soybean prices?
(Paid subscribers find out our sentiment)
Strong El Niño events tend to produce decent U.S corn and soybean crops. While there will be some extreme heat over 30% of the western Midwest grain belt before July 15th, it will likely not last. It is rare, however, to see 4 consecutive years of back-to-back record corn and soybean crops. Hence, my confidence being too bearish is not as high as it was last summer and the summer before that.
One key teleconnection other than El Niño is the PTI index (shown below). Other meteorologists rarely look at this. The result should be a neutral-to-bear market in corn and soybeans this summer. This means that one would sell out-of-the-money call options or buy December puts and/or November soybeans. I would say the odds are 60% that both corn and soybean prices have 10% more to fall unless something changes in the next few weeks.
We appreciate your interest and look forward to helping you gain a better understanding of the powerful connection between weather and global commodity markets.
Thanks for your consideration in joining our followers.
Jim Roemer, Scott Mathews, and the Best Weather Team
Mr. Roemer owns Best Weather Inc., offering weather-related blogs for commodity traders and farmers. He is also 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 commands a unique standing among advisors in the commodity risk management industry.
