This 9.5 minute video, recorded on May 17th by Jim Roemer, covers the following:
South American corn and soybean weather problems continuing vs the Midwest drought that is breaking. This is creating grain market volatility.
The good Plains wheat crop vs crop problems in Russia.
A look atvarious Weather Spiders and trade sentiment for some grain and soft commodities.
How we called the historic collapse in cocoa prices three weeks ago.
The easing of the Vietnam coffee drought coming. While a lack of a Brazil freeze threat and the upcoming harvest may later be bearish for coffee. (There may be some new reports coming out that Brazil’s coffee crop was hurt by November-December heat and dryness.)
How previous big long positions insoft commodities and weakening El Niño has caused a spiral down in prices.
Get a jump on weather forecast models and how to understanding the “psychology” of trading corn, soybeans and soft commodities this summer. Sign up for a 2 week free trial period to WeatherWealth, or download one previous issue here
Below are the headlines from recent issues of our WeatherWealth newsletter:
Thanks for your interest in commodity weather!
Jim Roemer, Scott Mathews, and The Weather Wealth Team
Mr. Roemer owns Best Weather Inc., offering weather-related blogs for commodity traders and farmers. He also is a co-founder of Climate Predict, 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 established a unique standing among advisors in the commodity risk management industry.
Trading futures and options involves a significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.
“You can't change the weather, but you can profit from it”
On the date of publication, Jim Roemer did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
