# El Niño Modoki II–What it is, and is there any hope for a rally in grain or natural gas prices? - Best Weather, Inc | Jim Roemer

> 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.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58004-el-nino-modoki-ii-what-it-is-and-is-there-any-hope-for-a-rally-in-grain-or
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- NATGAS: bearish ▼

## Sources

- bestweatherinc.com: https://www.bestweatherinc.com/commodities/el-nino-mokadi-ii-what-is-it-and-any-hope-for-grain-or-natural-gas-price-rally/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.