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HISTORIC CALIFORNIA SNOWS: Implications for El Niño transition & potential impact on corn and soft commodities

Best Weather Inc. - Fri Mar 1, 6:56PM CST

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HISTORIC CALIFORNIA SNOWS: Implications for  El Niño transition & potential impact on corn and soft commodities

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

  •  Friday Evening Weekend Report - March 1-3, 2024  

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

 

Our WeatherWealth video highlights these topics:

  • The weekend storm that will bring up to 10 feet of snow in the Sierras (and how this compares to other years)
  • Why near-record warm oceans east of Australia (NINO4) might signal that La Niña may not form until fall or winter
  • Although corn and soybean prices may be oversold, why 5 out of every 7 analog years portend potential decent Midwest summer crops (and a return to a bear market, later
  • About our recent complimentary El Niño report and opportunity to download a free issue of WeatherWealth if you have not already.


Following record March snows like 1983 (old-time Midwest farmers and grain traders may remember this well), one of the worst summer grain droughts developed. I was two years out of college and worked for a firm called Freese-Notis Weather at the time. Years later, I helped to build up their global weather commodity division. However, at first, I did not even know where the corn belt was. 

Screenshot 2024-02-29 at 9.27.22 AM.png


 

Anyway, my map below illustrates all of the global climatological features that later brought on an explosion in the summer grain prices in 1983. What may be the difference this year? What might save the Midwest from a drought? The fact that the Nino4 region east of Australia is much warmer today from back then.


My video above also addresses this and a lot more. Enjoy!

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Source: Jim Roemer WeatherWealth newsletter


 

Will El Niño hold on? Download a complimentary report (written three weeks ago) 

https://www.bestweatherinc.com/new-membership-options/

 

You will learn about the facts surrounding the question of “will El Niño will transition to La Niña, or not?” with recent trading ideas in grains, soft commodities, and natural gas. This newsletter is sent out twice a week to farmers and traders on six continents.

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 Here are some of our newsletter's recently featured articles:


 

 

 

 

 

 

 

 

 

 


Thanks for your interest in commodity weather!
 

Jim Roemer, Scott Mathews, and 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.

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