Jim Roemer’s Best Weather Spider gives experienced and novice commodity traders a heads-up of how weather, technical analysis, and other fundamentals affect markets in grains, natural gas, and soft commodities.
Here for example was his advice on July 5th before the major collapse in coffee prices. The spider includes weather sentiment (both short and long-term), technical analysis, and other fundamentals in order to make investing decisions.
While coffee prices may be oversold, it will take a frost in Brazil or renewed drought later this year to set the stage for a new longer-term bull market.
So what about the Texas drought that is affecting cattle and cotton? Will a flash drought move deeper into the corn belt and stop the bleeding in the grain market?
Please email us at scott@bestweatherinc.com to receive a free grain weather spider and information about our newsletters.
38 YEARS OF EXPERIENCE ANALYZING WEATHER AND COMMODITY MARKETS FOR FARMERS AND TRADERS
Big time rains we forecasted on July 10th for much of the central and eastern corn belt, plus a stronger dollar have put pressure on the grain market, as well as big wheat crops in Australia, Russia, and Canada
