Wheat - Single stalk of wheat on white background

Dryness lowers U.S. wheat crop

Jim Roemer Best Weather Inc. Fri Apr 26, 6:26PM CDT
Wheat - Single stalk of wheat on white background

(WEAT) (ZSN24) (KEN24) (MWN24) 

“Dryness lowers U.S. wheat crop”

by Jim Roemer - Meteorologist - Commodity Trading Advisor - Principal, Best Weather Inc. & Climate Predict - Publisher, Weather Wealth Newsletter 

  •  Friday Evening Weekend Report - April 26-28, 2024  

To View Video    > > > > >   P L E A S E     C L I C K     H E R E

IN THE VIDEO ABOVE, I DISCUSS THE FOLLOWING:

  • The expanding drought for Plains wheat is a bit of a surprise, considering that weak El Niño conditions are still holding on.
  • What I infer from teleconnections (by May) regarding parts of dry Ukraine and western Russian wheat production areas.
  • Why buying wheat vs. shorting corn is a very strong seasonal trade this spring.
  • Midwest drought easing with big-time rains; but not a major concern yet for planting delays.
  • How disease issues in Argentina and dryness in northern Brazil are hitting production for South America’s first and second corn crops. Will demand shift more to the U.S.?


Find out how the weather is affecting everything from coffee futures to wheat and natural gas and recent trade ideas and longer-range views. If you have not already (no fake email addresses), receive a 2-week Free Trial period to WeatherWealth. 

You can also download a past free issue about “Parabolic moves in commodities” here: https://www.bestweatherinc.com/new-membership-options/

 

Thanks for your interest in commodity weather, and…
Have a great weekend! 

The Weather Wealth Team 

  • Please feel free to learn about Jim Roemer, our track record, and how we use weather to help traders, hedgers, and investors. If you have any questions, please don't hesitate to drop me a line  - Scott Mathews, Editor

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. There is no warranty or representation that accounts following any trading program will be profitable.

“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.