“Commodity markets turning the corner? La Niña, Northern Brazil's drought & winter forecast for natural gas”
by Jim Roemer - Meteorologist - Commodity Trading Advisor - Principal, Best Weather Inc. & Climate Predict - Publisher, Weather Wealth Newsletter
Friday Evening Report - September 15, 2024
To View Video > > > > > P L E A S E C L I C K H E R E
Jim Roemer’s video (above) addresses these issues:
Following our bearish attitude in grains all summer long, and second guessing hot-dry Midwest weather models, why La Niña may finally arrive.
Harvest pressure could still cap rallies (later) in corn and soybeans, but growing weather problems for wheat could set the stage for a longer-term bull market. Could La Niña induce corn and soybean markets to rally, later?
How deforestation, La Niña and climate change are contributing to a severe drought in northern Brazil. Coffee futures, OJ and possibly sugar will be reacting to any weather forecast updates.
Why a record positive NAO summer could portend a warm early winter for the natural gas market.
If you were following our advice since summer, you know that we predicted (back in late June and early July), $9.50 soybeans and $3.80-$3.90 corn prices. What about now? How high could coffee prices go? What will be our trading ideas in natural gas and all Ag commodities? Subscribe to a 2 week free trial period to WeatherWealth (you can cancel at any time).
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.
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 Disclosure Policy
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