Bull market in grains inspired by flooding and some global areas of dryness

Bull market in grains inspired by flooding and some global areas of dryness

After 5 years of a global surplus of grain crops, brought on by record U.S. and mostly South American corn and soybean production and swelling world stocks of wheat, the first “real legitimate” weather market in years has developed the last 2 weeks. An earlier blog of mine pointed out to the possibility that if the AO index went negative, a severely wet planting season would develop for Midwest crops. This has been brought on by a combination of a weakening El Nino, previous record western snows and a great ski season, low solar activity and the AO index going negative again. This is similar to the 1993 situation for grains, though occurring a month earlier than that year.

My in house program of CLIMATECH (above) is forecasting more wet weather for Midwest crops into early summer and potential dryness for west African cocoa (red–below normal rainfall)

Other potential problem areas for late spring and summer crops?

Weak El Nino events are often NOT associated with poor corn and wheat crops in Europe and the Ukraine region. I continue to see beneficial weather there. However, developing dryness in the spring wheat areas of Russia could cause some problems with their crop the next month or so. This, combined with extreme flooding to the U.S. hard-red crop, planting delays for spring wheat in the U.S., dryness in Australia and now new potential problem areas in the spring wheat areas of Russia, all have to be watched that will affect the next big move in grain prices.

However, Trade War concerns and a huge global glut of both wheat and soybeans, means that even with these weather problems, fostering a major bull move in all grains would only happen if severe crop shortages develop consistently for several months.

The spring wheat areas of Russia could begin to get stressed by hot-dry weather as some moisture stress (above, red) is beginning in that region. It would much more of a dire situation if the Ukraine, western Russia or Europe had crop problems like during the La Nina event of 2010.

In addition to these problems, dryness in Australia and severe weather and flooding in the central and eastern primary U.S. hard-red wheat country regions has created massive short covering in wheat. However, again, It will take further global problems to keep wheat prices afloat and this is something I will be watching on a day to day basis for clients. Both European and Ukraine wheat should be doing well with wet late spring weather. The biggest concerns the last couple weeks has been in the corn and spring wheat market.

Too much of a good thing (rain) will begin to damage wheat in parts of Kansas and the central and southern Plains. Grain traders will pay close attention to any change in the forecast and harvest weather in the next month or so. To learn about trade strategies, email me at bestweatherroemer@gmail .com

The parade of storms creating high surf, wind and heavy rains from California to Florida

The parade of storms creating high surf, wind and heavy rains from California to Florida

While hurricane Irma did billions of dollars of damage to Florida a year ago, the coastal areas around Sarasota to Tampa faired far better than initially feared. Worries of billions of dollars of real estate losses around Longboat Key and many other west coast regions in Florida never occurred as the hurricane came inland. The winds from Irma and low surface pressures often found with hurricanes, actually sucked the coastal waters out to the west preventing gigantic waves from lashing the western Florida shore line. If Irma would have stayed north of Cuba and stayed west of the Florida coast, she would have been at least a category 4 storm with coastal wave swells higher than 10-15 feet. Instead the water was pushed to the west, not along the coast, causing scenes like this around Tampa.

So what about this present storm that is hitting the southeastern United States? It is certainly not a hurricane, of course, but what is causing it? California has also experienced some near record waves of late and this has temporarily ended the very cold November weather that gripped much of the nation and helped natural gas prices soar some 30%.

The parade of storms that has been barreling into the West coast has been responsible all the wild weather. One of them is currently now all the way towards Florida. These storms will bring the best ski conditions of the winter to much of Utah, Colorado, California and even ski resorts such as Taos in New Mexico. Feet of snow can be expected over the next week in the western and southwestern U.S. ski areas.

Graphic above from December 12th

So back to the question what is causing all of this? El Nino type weather is occurring, but the strange thing is, some of climatological ingredients necessary for NOAA to officially announce that El Nino is present are missing. My CLIMATELLIGENCE newsletter will outline why I feel El Nino will be hard to form. You can register for a free issue at the blue link just above this.

One final note, the Madden Julian Oscillation Index (MJO) can have a huge effect on global weather. The MJO is a weather disturbance in the tropics that tends to oscillate from the western Pacific through the Atlantic in a 30-60-day time frame. Its effect is most felt in the Indian and Pacific oceans and can have a huge effect on the weather in South America, west Africa the Atlantic hurricane season and occasionally even U.S. weather. The strength of the MJO can vary significantly.

Two phenomena are creating havoc across the eastern US. These will persist through Friday.

  1. An atmosphere that is behaving like an El Nino (even though it might not actually form)
  2. An MJO

Source: WINDYTV

There will be great surfing weather for western Florida through Friday, but heavy rains, high winds, tornadoes and some flooding will continue into Friday a.m.

A very cold U.S. winter, but that does not change the longer term prospects of Climate Change

A very cold U.S. winter, but that does not change the longer term prospects of Climate Change

A cold winter is on tap for the United States, but that does not mitigate the long-term effects of a warming planet, rising sea levels, and the destruction of reefs around the globe. While China and other countries are taking measures to adapt to global warming, the Trump Administration better get its act together, especially given the recent government report about Climate Change (see below).

In the meantime to find out how you can trade stocks and commodities on what will be one of the coldest winters in years in the United States, please click here

Jim Roemer

November 23 at 2:00 PM

The federal government on Friday released a long-awaited report with an unmistakable message: The impacts of climate change, from deadly wildfires to increasingly debilitating hurricanes and heat waves, are already battering the United States, and the danger of more such catastrophes is worsening.

The report’s authors, who represent numerous federal agencies, say they are more certain than ever that climate change poses a severe threat to Americans’ health and pocketbooks, as well as to the country’s infrastructure and natural resources. And while it avoids policy recommendations, the report’s sense of urgency and alarm stand in stark contrast to the lack of any apparent plan from President Trump to tackle the problems, which, according to the government he runs, are increasingly dire.

The congressionally mandated document — the first of its kind issued during the Trump administration — details how climate-fueled disasters and other types of worrying changes are becoming more commonplace throughout the country and how much worse they could become in the absence of efforts to combat global warming.

Already, western mountain ranges are retaining much less snow throughout the year, threatening water supplies below them. Coral reefs in the Caribbean, Hawaii, Florida and the United States’ Pacific territories are experiencing severe bleaching events. Wildfires are devouring ever-larger areas during longer fire seasons. And the country’s sole Arctic state, Alaska, is seeing a staggering rate of warming that has upended its ecosystems, from once ice-clogged coastlines to increasingly thawing permafrost tundras.

The National Climate Assessment’s publication marks the government’s fourth comprehensive look at climate-change impacts on the United States since 2000. The last came in 2014. Produced by 13 federal departments and agencies and overseen by the U.S. Global Change Research Program, the report stretches well over 1,000 pages and draws more definitive, and in some cases more startling, conclusions than earlier versions.

The authors argue that global warming “is transforming where and how we live and presents growing challenges to human health and quality of life, the economy, and the natural systems that support us.” And they conclude that humans must act aggressively to adapt to current impacts and mitigate future catastrophes “to avoid substantial damages to the U.S. economy, environment, and human health and well-being over the coming decades.”

“The impacts we’ve seen the last 15 years have continued to get stronger, and that will only continue,” said Gary Yohe, a professor of economics and environmental studies at Wesleyan University who served on a National Academy of Sciences panel that reviewed the report. “We have wasted 15 years of response time. If we waste another five years of response time, the story gets worse. The longer you wait, the faster you have to respond and the more expensive it will be.”

That urgency is at odds with the stance of the Trump administration, which has rolled back several Obama-era environmental regulations and incentivized the production of fossil fuels. Trump also has said he plans to withdraw the nation from the Paris climate accord and questioned the science of climate change just last month, saying on CBS’s “60 Minutes” that “I don’t know that it’s man-made” and that the warming trend “could very well go back.”

Furthermore, as the Northeast faced a cold spell this week, Trump tweeted, “Whatever happened to Global Warming?” This shows a misunderstanding that climate scientists have repeatedly tried to correct — a confusion between daily weather fluctuations and long-term climate trends.

The White House did not immediately respond to a request for comment on Friday’s report. However, the administration last year downplayed a separate government report calling human activity the dominant driver of global warming, saying in a statement that “the climate has changed and is always changing.”

Given that history, some of the scores of scientists and federal officials who spent months working on the detailed document were frustrated, but not surprised, that the administration chose to release it on the day after Thanksgiving — typically one of the slowest news days of the year. Several people involved in the report said its release originally had been planned for early December, but after a behind-the-scenes debate in recent weeks about when to make it public, administration officials settled on Black Friday.

“This report draws a direct connection between the warming atmosphere and the resulting changes that affect Americans’ lives, communities, and livelihoods, now and in the future,” the document reads, concluding that “the evidence of human-caused climate change is overwhelming and continues to strengthen, that the impacts of climate change are intensifying across the country, and that climate-related threats to Americans’ physical, social, and economic well-being are rising.”

The report finds that the continental United States already is 1.8 degrees Fahrenheit warmer than it was 100 years ago, surrounded by seas that are on average nine inches higher and being racked by far worse heat waves than the nation experienced only 50 years ago.

But those figures offer only the prelude to even more potentially severe impacts. The report suggests that by 2050, the country could see as much as 2.3 additional degrees of warming in the continental United States. By that same year, in a high-end global-warming scenario, coral reefs in Hawaii and the U.S. Pacific territories could be bleaching every single year — conditions in which their survival would be in severe doubt. A record-warm year like 2016 would become routine.

Key crops, including corn, wheat and soybeans, would see declining yields as temperatures rise during the growing season. The city of Phoenix, which experienced about 80 days per year over 100 degrees around the turn of the century, could see between 120 and 150 such days per year by the end of the century, depending on the pace of emissions.

And those who face the most suffering? Society’s most vulnerable, including “lower-income and other marginalized communities,” researchers found.

In another major step, the authors of the new report have begun to put dollar signs next to projected climate damages, specifically within the United States.

In a worst-case climate-change scenario, the document finds, labor-related losses by the year 2090 due to extreme heat — the sort that makes it difficult to work outdoors or seriously lowers productivity — could amount to an estimated $155 billion annually. Deaths from temperature extremes could take an economic toll of $141 billion per year in the same year, while coastal property damages could total $118 billion yearly, researchers found.

Of course, mitigating climate change would also mitigate these damages, by as much as 58 percent in the case of high-temperature related deaths, the report finds.

The categorical tone of the new assessments reflects scientists’ growing confidence in the ability to detect the role of a changing climate in individual extreme events, such as heat waves and droughts. At the same time, increasingly sophisticated computer simulations now allow them to project future changes in highly specific regions of the country.

For many Americans, however, no simulations are necessary. The effects of climate change are already playing out daily.

“We don’t debate who caused it. You go outside, the streets are flooded. What are you going to do about it? It’s our reality nowadays,” said Susanne Torriente, who also reviewed the report. She is chief resilience officer for Miami Beach, which is spending hundreds of millions of dollars to adapt to rising sea levels. “We need to use this best available data so we can start making decisions to start investing in our future … It shouldn’t be that complicated or that partisan.”

The report is being released at the same time as another major federal climate study that, in contrast, actually reaches a rather more positive conclusion — at least with respect to what can be done about climate change.

The Second State of the Carbon Cycle Report, which examines all of North America (not just the United States), finds that over the last decade, greenhouse gas emissions from fossil fuels have actually declined by 1 percent per year. The result is that while North America emitted 24 percent of the world’s emissions in 2004, that was down to 17 percent in 2013. This has occurred in part thanks to improvements in vehicle fuel efficiency, the growth of renewable energy, and the swapping of coal burning for natural gas.

“For the globe, we’re still going up, but regionally, there have been these changes in how humans have been acting that have caused our emissions to go down,” said Ted Schuur, an expert on permafrost carbon at Northern Arizona University who contributed to the report, the follow-up to an initial effort released in 2007.

The report concludes that it appears possible to grow economies — at least for the United States, Mexico, and Canada — without increasing overall emissions of greenhouse gases. That would be a very important signal for the ability of the world to slow climate change over the course of the century. However, it doesn’t mean any lessening of climate change impacts within the United States. As long as global emissions continue, the risk of impacts here continue, because carbon dioxide circulates around the globe.

The release of the National Climate Assessment comes on the heels of other recent global warnings, most notably a report by the United Nations’ Intergovernmental Panel on Climate Change, finding that the world would have to make unprecedented changes in the next decade to remain below 2.7 degrees Fahrenheit (1.5 degrees Celsius) of total warming above preindustrial levels.

The last time a U.S. National Climate Assessment was published, in 2014, Obama administration officials took the document seriously, with top policymakers heralding its release and embracing its findings.

“These tailored findings help translate scientific insights into practical, usable knowledge that can help decision-makers and citizens anticipate and prepare for specific climate-change impacts,” White House science adviser John Holdren and NOAA administrator Kathryn Sullivan wrote at the time.

On the other side of the country, at least one well known atmospheric scientist this week was wrestling not with the contents of a climate report, but with the changing view from his own window.

“Normally, I can see San Francisco Bay from my home. Today and for the past few days, I could not see the bay for all the smoke from the Paradise fire. Fires that approach the size of the Paradise fire are most common in the hot dry years — the kind of years that we are likely to see many more of,” said Ken Caldeira, a senior researcher at the Carnegie Institution for Science.

“We are trained to be skeptical and resist jumping to quick conclusions, but looking at the smoke I could not help but think, ‘This is climate change. This is what climate change looks like.’”—

 

 

 

 

Its Hot and getting Hotter: A case for Adaptive strategies for a warming planet

Its Hot and getting Hotter: A case for Adaptive strategies for a warming planet

image above from wired.com

Its Hot and getting Hotter: A case for Adaptive strategies for a warming planet

One of my missions in life, is not just to offer weather forecasting and advice in financial markets to farmers, hedge funds and traders around the world, but to “make a difference” on how man-kind treats our planet and takes measures to hopefully stop and adapt to global warming and climate change. I have had too many heated battles, and arguments with many people who to this day, still DISAGREE with me, that global warming is man-made and it is only a “cycle” that has repeated itself for tens of thousands of years. This “politicized” thinking, is absolutely ludicrous and “wrong” in not only my opinion but of more than 95% of scientists around the world. Creating a greener planet, for one thing, could create millions of jobs around the world!

The report below was written by Bob Bunting, a renowned scientist, meteorologist and entrepreneur, who lives here in Sarasota, Florida. The commentary I took from the article he wrote on behalf of Cumberland Advisors–a top, boutique, financial services company.

 

For more information about Bob and his newsletter, please see below.

Jim Roemer

Bob Bunting

To find out about Bob’s newsletter and subscribe, click here

About Bob Bunting

To see this video above, please click here

As humanity contends with a hotter planet, more volatile weather, and higher sea levels, adaptive strategies offer a win-win approach for now and for the future. Where climate change is concerned, to fail to act is to plan to fail; but by proactively implementing adaptive strategies we can spur economic activity in the present, preserve property values and lifestyles, and help to ensure a viable future.

 

 

Back in the late 1970s and 1980s I was fortunate to be a scientist and executive at both NOAA and the National Center for Atmospheric Research, NCAR. During this period the signal on manmade climate warming emerged from the noise. The first global atmospheric climate model went into use at NCAR. The early runs with and without the impulse of greenhouse gases put into the atmosphere by humans produced stunning contrasts. Without human greenhouse gas inputs, the model forecast little change in global temperatures; but with the impulse from mankind, the climate forecast indicated a troublesome warming during the 21st century. From that time onward, people fractured into climate-warming advocates and deniers. Led by remarkable consensus among scientists worldwide, the climate-warming forecast has seeped into the collective consciousness.

The NY Times Magazine recently featured a comprehensive review of what happened in Washington during the climate-warming realization period prior to 2000. The article detailed how and why the opportunity to limit climate warming was missed. At the time, many perceived a dramatic rollback of the carbon footprint of humans as hurting the US and other developed economies while simultaneously allowing developing counties to continue dirty development with old carbon-producing technologies.

Realizing that this difficult tradeoff was unlikely to be adopted, NCAR leadership began promoting the adaptive idea that climate warming presented a great economic opportunity for a technology-rich America and other advanced Western countries. Imagine developing India and China, whose goal was to turn the lights on for a few billion people, receiving cleaner-burning power plants and other more efficient technology from the West, thereby leapfrogging past their existing and soon-to-be-built dirty, high-carbon/high-sulfur coal power plants. Given the present state of affairs in 2018, it is clear this adaptive message fell on deaf ears! We can’t undo the past, and significant global warming is already baked into our future, so where can we go from here? Our message of 40 years ago is still the most effective one I have heard. Climate warming is not a theory but an unfolding reality. We estimate that the global temperature has increased about 1.1°C, or about 2°F, since 1880; and sea level has risen approximately 10 inches.

 

 

Humankind can best deal with the consequences of climate change in an adaptive way that limits losers while maximizing winners. The imperative of slowing down, ending, and/or mitigating greenhouse emissions has received all the headlines. Meanwhile, unfortunately, the adaptive message has been lost. In addition to curbing emissions, we need to prepare for climate change that is already in the process of happening. I hope to move your thought in the direction of adaptive strategies because these strategies put us on the critical path to lasting solutions. But before we move forward, we need to grasp where we are now in the climate-warming scenario.

In the face of the rises in both global temperature and sea level, we continue to debate what is causing the global changes we have observed. The troublesome truth is that anthropogenic climate change is underway, and limiting additional greenhouse gas inputs from CO2, nitrous oxide, methane, etc. is critical to limiting the magnitude of the warming over the next few centuries. Even if miraculously the world could stop carbon emissions today, the Earth would continue to warm, and sea levels continue to rise until at least 2060. By then our children and grandchildren will be as old or older than we are now! It is in the best interest of our generation and the next few generations to focus on adaptive measures that can mitigate many of the impacts that we see now and that will increase over time. Humans must learn to address longer-term threats posed by climate change and act to protect future generations.

Adaptive strategies are at least part of the answer. For those of us living along the coast, managing sea level rise, for example, could well preserve our way of life now and for the next 50 years and probably beyond. We can, for example, preserve the value of our real estate, limit insurance premiums, and enhance the enjoyment of our adult and/or senior years. These and other benefits make adaptation personal and align with human instincts of self-interest and preservation.

Think, too, about the economic opportunities for small and large businesses that provide the adaptive solutions we need. Using the coastline as a continuing example, coastal engineers will design shoreline protection against additional sea level rise; providers will make or deliver materials to selectively harden and soften the shoreline to manage the rise and buffer more frequent and dangerous storm surges; consultants will help government on local, regional, and national levels to bridge the gap between need and implementation. We know that 80% of the world’s 7.5 billion people live close to the shore, and in Florida alone $6T of real estate is on the beach!

Moving inland, agriculture is likely to be an area where adaptation will pay large returns as the climate warms. The grain belts are located in many interior regions of the major continents. The US grain belts in the Midwest and plains, for example, will probably endure more frequent droughts and changes in the prime growing season. Drought, if not countered by adaptive strategies, could result in lower average crop yields. Adaptive strategies could include adjustments of planting and harvesting dates, changes in crop varieties, planting drought-resistant plants, separating fields with windbreaks, intermingling plots for grazing with those for planting, and developing alternatives for crop insurance.

I could go on, because there are hundreds of adaptive strategies in many economic segments that would mitigate the worst impacts of likely climate changes while enhancing economic activity. This is why I predict that adaptive climate change mitigation will become one of the fastest-growing and most lucrative business categories of the 21st century. We ought to help business see this opportunity and catalyze it for everyone, and the sooner the better!

So what is holding us back? One thought is that scientists necessarily present a range of outcomes and not precise forecasts, given the many uncertainties of making long-range predictions. The result has been a range of outcomes from 2°C to 6°C in temperature rise and 8 inches to 6.6 ft. of sea level rise by 2100. Given this large range, the impact could be quite manageable (but still significant) at the low end of the range and catastrophic at the upper end.

If you take away only one thing from this missive, it should be this. By 2100 the most likely range of temperature rise is, in my opinion, an additional 1.2–1.5°C rise in temperature and about 10–14 inches of further sea level rise. In order to reach these numbers, the current rate of sea level rise will have to advance from about 1 inch every 10 years to double that rate over the next 50 years. While these numbers are not pleasant, they portend real-world impacts that can be managed if we stop arguing about whether climate change is natural or manmade and start acknowledging that either way, the climate is warming and sea level is rising now.

It isn’t productive to wait for a 100% consensus as to the reasons for climate change. In the limited sense, who cares why? We all need to care about and address the adverse impacts no matter who or what is responsible. We buy insurance all the time for outcomes that are far less certain than climate warming and sea level rise. This is the message I have carried to business leaders, local government officials, and national congressional leaders in my sphere of influence. You can help by doing the same!

Bashing the media is not my intention, but the media becomes part of the problem when they hawk worst-case and least-probable scenarios. Sensationalizing promotes fear and creates a “deer in the headlights” syndrome that results in inaction. Showing, for example, how NYC could be underwater in 50 years without also classifying such an occurrence as about a 1% probability event is not helpful. Headlines presenting the worst-case and lowest-probability scenarios are both devastating and depressing because they tend to delay implementation of adaptive strategies. When people feel they have no options because they are going to be underwater, they are more likely to flee rather than to adapt. While climate warming has a fat-tail risk that should not be ignored, that risk also shouldn’t be the driver of paralysis that it has become.

If, however, the most likely scenario is presented, i.e., one with, say, an 80% chance of happening, society would be encouraged to move forward and to maintain our assets and lifestyle by taking adaptive measures. It is vitally important that we switch gears now while we still have affordable and viable options. It isn’t too late!

A final piece of the puzzle is quite encouraging. Knowledge is advancing at such a rapid pace that 50 years from now we may well have ways to sequester carbon and reverse climate warming. In my short lifetime, I have witnessed an incredible and increasing rate of change in human knowledge and technological progress, as I am sure you have. The knowledge tsunami is accelerating and is a cause for great hope and an affirmation that it isn’t too late.

Buckminster Fuller introduced his knowledge-doubling curve in 1982, about the same time as climate warming became a worldwide concern. With the help of IBM, the curve was modified and is shown below.

 

I don’t have the data to show exactly where we are on the knowledge curve today, but I think the overall point is well made. Adaptation to climate warming and sea level rise is not a hopeless activity. It is as necessary part of a wider solution that is sure to come as our knowledge grows exponentially. We can and must give humankind the chance to solve the climate crisis. We need to get to work now on doing just that by implementing adaptive strategies! Please bring this message forward, and I hope you will!

Bob Bunting is a scientist, entrepreneur, educator and the author of a financial newsletter at bobsstocks.com.


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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.

 

World on fire, commodities running wild, find out more about our new weekly CLIMATELLIGENCE REPORT

World on fire, commodities running wild, find out more about our new weekly CLIMATELLIGENCE REPORT

                                                                                                               

PLEASE CLICK ON THE BLUE LINK  TO DOWNLOAD OUR RECENT WHEAT REPORT.

Email SUBSCRIPTIONSBESTEWEATHER@GMAIL.COM and we will also send you are latest report for FREE on the cotton market.

We have been often asked about starting a shorter term price-commodity forecasting service.  Now that we have entered the increased weather volatility phase of the first Grande Solar Cycle minimum in over 200 years. This combined with incredible warming across the planet and a possible El Nino, could give you a huge advantage in trading ag and energy commodities in the months ahead.

We wanted to introduce to you our new added subscription Ag price forecasting service to help compliment our flagship Hackett Money Flow Agricultural Report.

It is called The Climatelligence Report.

Go the link below to learn more.

http://hackettadvisors.com/climatelligence.asp#

We have teamed up with the world renowned meteorologist Jim Roemer of Bestweather Inc. who has developed along with Doug Stewart (S.M from MIT and PH.D From University of Miami) a one of a kind weather algorithm called Climatech.

Climatech is able to correlate over 30 different weather variables at any moment in time and produce the historical weather correlations to accurately predict weather outcomes over the next 30 days which is the primary time window for driving Ag prices higher and lower.

The Climatelligence Report amalgamates Jim’s proprietary weather algorithm with our proprietary informed Smart Money Capital Flows algorithm and unique fundamental work to produce a combined ranking system that provides a clear short-term metric for determining which Ag markets look the most bullish and bearish.

We endeavor in each report to highlight on ag market and occasionally natural gas or the rest of the energy complex, when the weather warrants it (IE–hurricane Harvey last year and the big move in gasoline-crude oil spreads)

The annual subscription cost for 42 issues is normally $1200/year, but we are offering a special offer for only $800. Hedge funds and large traders pay over $5,000/month for the BESTWEATHER and trading advice available, so this is an incredible deal for the small trader, farmer, etc.

 To subscribe, please click here

Have a spectacular week and we appreciate your support

Shawn Hackett/Jim Roemer

 

 

 

 

 

 

                                                                                                      

A look at global drought and now western corn/soybean belt has to be watched for heat and dryness in August

A look at global drought and now western corn/soybean belt has to be watched for heat and dryness in August

We have seen over 3,000 record high July temperatures from areas out west where brush-fires are blazing, to France and Germany where corn and wheat crops are wilting in dro and even in far away remote places in Asia. 2018 will go on record as the 4th warmest year in history.

In the mean-time developing droughts are affecting wheat crops in several countries and now parts of Iowa and Missouri are seeing drought like conditions. Maps below show that some areas in the western and southern corn belt could reach 100 degrees next week. But will it last? Will a return of a normal weather pattern in August salvage the soybean crop and still result in great yields for corn? Or will the drought worsen?

 

 

How you can you make money trading many markets on weather? We also have a longer term COFFEE and grain strategy for you, that we will offer to you for FREE if you subscribe to our new weekly commodity weather newsletter–CLIMATELLIGENCE before August 15th. Catch the next big moves in corn and soybeans. Find out more and register, here

 

Temps may reach 100 degrees in the Midwest corn and soybean belt next week? Will it last? Find out by subscribing to the best weekly commodity weather report available