The First Wheat Bull Market in Years? How Climate is Causing Crop Woes for the U.S. Plains

The First Wheat Bull Market in Years? How Climate is Causing Crop Woes for the U.S. Plains

Our video below addresses three very important climatic teleconnections that may worsen the U.S. wheat crop in the weeks ahead. April and May are critical times for wheat crops in Europe, Ukraine, and most of the U.S.

The key teleconnections that help us develop ETF, futures and option strategies for clients are: 1) A weakened La Niña; B) Lingering negative global atmospheric angular momentum (GLAAM) that can sometimes result in dryness for parts of the Midwest or the Plains; C) A major warm block (-WPO index) in northwestern Alaska that can bring occasional cold snaps to either the U.S. and/or Russia that could threaten wheat yields.

Source: Pearson Education

Global Atmospheric Angular Momentum (GLAAM) is a measure of the total rotation of the atmosphere relative to the Earth. When this index is negative, it indicates that the atmosphere is rotating more slowly (ice dancer on the left) than the Earth’s surface, typically resulting in easterly wind anomalies.

In the spring, a negative GLAAM phase often leads to dryness in the U.S. Great Plains wheat areas. The key point here is that even though La Niña has “officially” weakened to neutral, the atmosphere can still occasionally act as if La Niña is present when GLAAM is negative.

See this five minute video (below) that discusses the developing Plains drought and which factors we are watching.

Source: Jim Roemer & Google’s NOTEBOOK-LM

Other factors have influenced wheat prices, resulting in major volatility. They are:

  1. The Middle East war and logistical issues in transporting wheat
  2. The Russian war on Ukraine could lower Ukrainian wheat production
  3. Recent heat stress to crops in India
  4. The stronger U.S. dollar can sometimes hurt grain prices

Source: Barcharts and WeatherWealth newsletter

Jim Roemer

More big time cold weather in February and how weather is affecting global commodities

More big time cold weather in February and how weather is affecting global commodities

See this video by Jim Roemer.

He discusses:

The squeeze in natural gas prices and more big-time cold and snowstorms coming in February

Why we were bearish on coffee futures since $4

We got clients out of long silver around $100 an ounce a few weeks ago

Wheat prices may be bottoming

A look at global crop weather from cocoa to sugar

In Living Color: Images Explain the “El Niño Neutral” Impact on Global Crops & Commodity Markets

In Living Color: Images Explain the “El Niño Neutral” Impact on Global Crops & Commodity Markets

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

Scott Mathews, Editor

  • Weekend Report – May 9-11, 2025
  • Source: Screenshot by Climate Predict LLC – superimposed comments and markers by BestWeather – insert of Pacific Walker Circulation image by NOAA

While the grain futures have been mostly in a bear market, even with a weaker dollar, commodities from gold to cocoa and coffee continue in bull trends. Canola prices have really been perking up.

Potentially, there is a global weather problem as the drought in China is beginning to affect some crops in parts of southern Australia. 

Below, I discuss how weather and the El Niño neutral stage (neither El Niño or La Niña) is affecting every commodity from wheat to ideal Midwest corn belt weather, previous crop problems in West African cocoa and why global sugar weather is improving.  How about natural gas and a possible hot summer?

As a WeatherWealth newsletter subscriber, not only do you receive trading ideas, but you also see much more accurate weather information as we “second guess” standard weather models by looking at these 28 global weather teleconnections for all Ag and natural gas commodities.

—Enjoy Jim Roemer

Source: map by USDA

–  commentary and indicator arrows added by BestWeather

Source: price graph by Barchart.com

– indicator arrow and superimposed wording by BestWeather

  • Source:  screenshot by Climate Predict LLC
  • Source: screenshot by Climate Predict LLC with comments and indicator arrows superimposed by BestWeather
  • Source: map by Agri-Food Canada (a national information service)
  • Source: maps by stormvistawxmodels.com – used by permission- superimposed comment and indicator arrow by BestWeather

Source: map by WeatherBELL – used by permission

Sources: three screenshots above by Climate Predict LLC

– superimposed comments and indicator arrows by BestWeather

– antarctic polar projection map insert by NOAA, with superimposed markers by BestWeather

  • Source: maps by USDA, with indicator arrow superimposed by BestWeather
  • Source: map by WeatherBELL – used by permission
  • Source: maps by NOAA with superimposed labels and comments by BestWeather
  • Source: map by NOAA with superimposed arrow indicator by BestWeather
  • Sources: seasonality table by MRCI (used by permission), with superimposed elements by BestWeather- Map by stormvistawxmodels.com – used by permission – comments and indicators by BestWeather
  • Source: BestWeather Spider – royalty free natural gas flair photo by pexels.com 

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  • Artwork created via AI software DALL-E 3 and is the property of BestWeather 

Thanks for your interest in commodity weather!!!

Mr. Roemer owns Best Weather Inc., offering weather-related blogs for commodity traders and farmers. He also is a co-founder of Climate Predict LLC, 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. 

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