COMMODITIES: The video below discusses the historical volatility not only in weather but in grain and soft commodities. From Brazil frosts to coffee to spring wheat droughts and record heat for natural gas. This video is interesting and will educate you about the power weather has in commodity markets.
FROM GLOBAL DROUGHTS TO flooding in Germany–HOW WEATHER IS CREATING THE NEW BULL MARKET IN COMMODITIES
The video above talks about how the spring wheat droughts have spilled over to other grains and what weather forecast we have used to catch many of the major moves for our clients the last few weeks.
Parts of the Midwest grain belt got great rains this week; others in the far NW did not. This will continue to cause grain market volatility based on crop conditions throughout the summer.
If La Nina forms again this fall, how do you get an advantage trading grain commodities, natural gas, coffee, and more?
Jim Roemer’s Weather Wealth newsletter gives novice and experienced traders 35 years of experience analyzing weather patterns and market action.
how we used pinpoint unorthodox weather forecast techniques to predict various moves in grains and soft commodities
PLEASE SEE THE VIDEO ABOVE AND HOW WE CALLED THE ENDING OF THE MIDWEST CORN DROUGHT WEEKS AGO BUT A CONTINUATION OF CROP PROBLEMS FOR CANOLA IN CANADA AND SOME SPRING WHEAT AREAS OF THE WORLD. I ALSO DISCUSS, COCOA, COFFEE, AND OVERALL CLIMATIC VARIABLES THAT HAS CAUSED THE CRB INDEX TO SELL OFF SOME
THE MAPS BELOW SHOW THE FOLLOWING:
- Canola and where it is grown. Canada produces 90% of the Canola in North America and a full-fledged drought has created a major bull market
- How can forecasted a negative EPO (western ridge and block) that would allow easing corn belt rains but stress spring wheat crops and Canola out west
- How I predicted the collapse in corn prices (price chart as of 7/8/21) for clients. However, there is going to be some concern from wet weather for some other crops.
- Subscribe to a free trial to Weather Wealth and join traders, farmers, and novice investors on how to use weather to make money in commodities. Will it turn too wet for the Midwest soybean crop? Find out here
HOW I FORECASTED THE END OF THE MIDWEST DROUGHT FOR GRAINS using the epo index. WHAT’S NEXT FOR COMMODITIES?
PLEASE CLICK ON THE VIDEO ABOVE
I called these drought easing rains 2 weeks ago, which have resulted in a crash in grain prices. However, it is still a long summer and the spring wheat drought is growing
The article below is mostly excerpted from a recent article in the Wall Street Journal, with a few additional comments by me, Jim Roemer. Climate Change and overpopulation are certainly close to my heart and while this article does not discuss weather forecasting or the commodity markets, it is yet another important sign of how we are destroying our planet. The good thing is, is that China and several other major developing countries in the world, are taking steps to be close to 0% carbon emissions by the year 2050. Hopefully, China and others will remain firm on this commitment, but unless we take more action now, waiting till 2050 may be too late to reverse climate change–Jim Roemer
In recent weeks, a herd of 15 wild elephants on a long, strange trip out of the jungles of far southwestern China have transfixed millions of people across the country.
Millions have tuned in to watch the elephants’ 300-mile journey on television and on internet live streams, or tracked their movements on social media. While enamored with the creatures, some increasingly see the elephants and their journey as a lesson on the perils of nature and a rapidly urbanizing China crashing into one another, especially as development booms.
Along the way, the elephants have broken into villagers’ homes, eaten their food, drank their water and destroyed their crops. All told, the herd has now caused more than 400 separate incidents of damage, worth some $1.1 million, according to China’s state-run Xinhua News Agency.
The elephants, which have gone into rural villages and somewhat larger towns, have shown a continued interest in wooden barrels of alcohol. Last month, one of the baby elephants passed out after imbibing a kind of fermented alcohol, and was only able to rejoin the herd the next day.
Some scientists have hypothesized that the elephants are on the move because their habitat has shrunk while their population has grown.
China’s environmental crisis, the result of decades of rapid industrialization, not only threatens the health and livelihoods of the country’s 1.4 billion people but also the global fight against climate change. As the world’s largest source of greenhouse.
China suffers from notoriously bad air pollution. Its carbon-intensive industries have caused additional environmental challenges, including water scarcity and soil contamination. And, like the rest of the world, China will face increasingly harsh consequences of climate change in the coming decades, including flooding and droughts.
China’s staggering pace of urbanization has also contributed. Urbanization increases energy demands to power new manufacturing and industrial centers, and construction of these centers rely on high energy-consuming products such as cement and steel. Another contributor is the increase in cars on the road: In 2018, people in China owned 240 million vehicles, up from about 27 million in 2004.
Internationally, China is the largest financier of fossil fuel infrastructure.
How a rising u.s. dollar put a temporary halt to commodity price mania & which climatic variables will affect summer grain prices
CLICK ON VIDEO ABOVE
Clients to our Weather Wealth newsletter were advised to book some really good profits in some coffee positions before the price collapse on Thursday, as well as potentially a long MGE July spring wheat, vs short December corn spread.
The worsening drought in the northern Plains, Canada, and parts of Russia helped spring wheat prices rally close to $1.00 this past week until a slightly wetter forecast and a strong dollar put the breaks on prices, temporarily.
However, the video above talks about the Climatic factors needed to see a bull market in corn and soybeans this summer. Enjoy