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

Jim Roemer