•  Friday Evening Weekend Report: June 14-16, 2024

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In this comprehensive weekend video,  I address:

1) A look at recent rainfall maps in the corn belt and why the grain market has not yet gotten excited about potential hot weather deeper in June or early July;

2) Rainfall forecast for the next 10 days. Some flooding and severe weather are possible in the northwest corn belt. Will this cause some replanting of corn over to soybeans?

3) Strong El Niño events… How often did they transition to La Niña?

4) Why El Niño neutral conditions should exist through at least August. What does this mean? Weather and market volatility with a fluctuating SOI index;

5) Mexico’s record heat and drought. Indications for July temperatures?

6) A look at soft commodities and market action for orange juice, coffee, and sugar;

7) What does another record-warm winter suggest for summer temperatures? Are sunspots to blame?