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Jim Roemer of Best Weather discusses a weakening El Niño with a Modoki II pattern and the Global Angular Momentum signal, which he expects to influence weather affecting natural gas, corn and soybeans. He argues natural gas production keeps hitting records and only sustained heat or Gulf storms would produce more than a brief rally.
Weather-driven shifts in corn and soybean conditions could support prices, but the commentary's main point is that natural gas faces record output that limits rallies, which weighs on energy-linked input costs.
bestweatherinc.comJim RoemerJul 23, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
