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“It's All About Hurricane Milton”

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

• Mid Monday Report - October 7, 2024

To View Video  > > > > >    PLEASE   CLICK   HERE     It's All About Hurricane Milton

 

While Hurricane Milton will certainly not affect U.S. farmers, nor have any direct impact on grain and most soft commodities, we thought it would be interesting, nevertheless, to discuss how unusual this hurricane might be.

• Regarding commodities, markets such as lumber and orange juice may react.
• For corn and soybeans, questions regarding the demand side of the equation, how much late U.S. summer heat may have damaged the soybean crop a bit (very low moisture content during harvest), plus South American weather, will be driving forces in these markets for the months to come.
• As far as the wheat market is concerned, some improved weather coming for western Russia and Australia vs dryness in the Plains will influence wheat price action.
• The real weather news in commodity markets right now is my forecast 10 days ago that Brazil's coffee and soybean drought would ease. Have we seen the top in the coffee market? What about grains, cotton, natural gas, and others?

Feel free to request a complimentary copy of one of my latest WeatherWealth issues here: https://www.bestweatherinc.com/new-membership-options/

Thanks for your interest in commodity weather!

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.