U.S. Drought Easing: A Potential Multi-Billion Dollar Shot In The Arm For The Economy [View article]
Most studies I look at with teleconnections suggest a wet spring. I look for conditions to slowly improve heading into later March and April with many more systems over the western corn belt.. Long range stuff for the summer is reserved now for clients, unfortuneatly, but will eventually post something later this spring about the summer. Cheers Jim
U.S. Drought Easing: A Potential Multi-Billion Dollar Shot In The Arm For The Economy [View article]
HI Matt I am away right now out west. Not really sure about this. It all depends on April-May weather for crops and planting of corn. The market may be oversold a bit, but if crops improve for wheat this spring in Australia, China and the U.S., then wheat will eventually fall another 40-50 cents from here come April/May. It all depends on weather 1-3 months from now, and I will delve into longer range stuff later. True wheat should be a lot higher than corn normally, but the corn situation is a lot tighter than for wheat and hence the spreads have come down. I am taking an overall bearish summer attitude in grains, but we need to see, again, how planting, and crops fare in another few months and whether or not the drought reintensfies. Alot of this move down has been psychological and it is still a long growing season. Wheat has a heavy short position....so any little weather problem may cause short covering later. For now, we have had the move down I was looking for, but could not post this advice, from a few weeks ago on SA, due to client privacy.
Winter Finally Getting Its Grip -- Natural Gas And Upcoming EIA Outlook [View article]
not offhand right now. Sorry, the weather is not consistent enough to get any major, strong feel of natural gas either way. Cold, warm, cold again, warm....not good for my blood. Other markets to trade. Cheers Jim
Winter Finally Getting Its Grip -- Natural Gas And Upcoming EIA Outlook [View article]
Thanks for your comments. My main focus right now is in the soft and grain market.
The -AO should result in a colder outlook. especially Mid March, but it is the same old thing with natural gas, with the changeable weather pattern and no major panic from the supply side of the equation, something that is much more relevant in soft and grain markets----supply side weather related crop assessments.
Investing In Chocolate And Brief Grain Comments [View article]
Thanks for your comments. The only relationship with Hersey and cocoa prices is their ability to hedge when prices are high and for perhaps some increase in profit margin when prices are low. Realistically, I am more of a futures guy and though Indonesia is important, West African crops and weather is much more important to the market. Thanks for your info Jim
Natural Gas Investing, Cod, Sharks, Seaweed And A Cold Second Half Of Winter [View article]
I was wrong this time about the sustained cold weather but if one goes back and look at 90% of my reports (which by the way, I cannot send much out due to obligations with hedge funds)--I.E...last winter's snow drought, record warmth, last summer's drought---you will see my track record. I don't need to prove anything. Blame it on global warming, the -PDO in the Pacific but more importantly, lack of snow cover is making a huge difference on the U.S. weather pattern---record warmth and no snow cover in Chicago. However, take a look at markets such as cocoa, cotton and grains and what has happened----again, I am not permitted to discuss about 7 other markets, only on occasion
Trading Opportunities For Upcoming Extreme Weather Conditions [View article]
There is alot more to weather patterns than El Ninos. Teleconnections, which have to do with ocean temps, blocking patterns, sea ice melt, etc. are just as important if not more so than El Nino at certain times of the year. However, there are very high correlations (for example) with La Nina and below normal soy and corn yields in Argentina, which has a major impact on grain prices last winter. However, one needs to also look at the antarctic oscillation index (google AAO index) and ocean temps around S. America, not just El Nino to make correlation studies with respect to crops and yields. A great site to correlation various world teleconnections to rainfall and temp patterns is here--
Drought To Continue Into August: Water Stocks, Grains And Natural Gas [View article]
Thanks for your comments. Unfortuneatly, things will only get worse with most forecasters and models not hot enough for the Midwest and Plains over the next 2 weeks--Jim
Global Grain Panic: Trading Opportunities For This Record Hot Summer And Historic Drought [View article]
Thanks for your comments "4eyed==how did you get that name? (lots of insight?). I am mainly a commodity guy and don't have a lot of time due to client obligations to look at ETF's. Thanks again Jim
How To Invest Against the U.S. Snow Drought [View article]
Very well put. Right now following the grain market and weather, which is my strength. I am not calling for a hot summer like some others are due to the chances for El Nino to form by Fall and other factors with respect to Sea Ice, etc.
I think there is a natural gas company, building infrastructure to export LNG---that may be an interesting play. I know natural gas is oversold and production cuts are occurring and increased demand due to coal now being more expensive, but from a weather perspective only, this may cap rallies this summer and into the hurricane season with normal to below normal temps.
Upcoming Weather Patterns And Why Natural Gas Prices Should Stay Down [View article]
Thanks for your comments. Technically, the market looks interesting and demand is increasing in the retail and industrial sector. Prices did reach down below $2.00 as we thought, due in part to the record warm winter. Right now, there is very little weather in the market and I currently am not going to go for a big hurricane season probably, nor for a consistent hot summer. With that said, the bearish weather forecast will be offset by some other fundamentals. My main focus right now, is the grain market. Thanks for your comments. Some companies that may be selling LNG overseas and developing infatructure such as Chenire (sorry about spelling), are interesting plays.
U.S. Drought Easing: A Potential Multi-Billion Dollar Shot In The Arm For The Economy [View article]
Cheers
Jim
U.S. Drought Easing: A Potential Multi-Billion Dollar Shot In The Arm For The Economy [View article]
Not really sure about this. It all depends on April-May weather for crops and planting of corn. The market may be oversold a bit, but if crops improve for wheat this spring in Australia, China and the U.S., then wheat will eventually fall another 40-50 cents from here come April/May. It all depends on weather 1-3 months from now, and I will delve into longer range stuff later. True wheat should be a lot higher than corn normally, but the corn situation is a lot tighter than for wheat and hence the spreads have come down. I am taking an overall bearish summer attitude in grains, but we need to see, again, how planting, and crops fare in another few months and whether or not the drought reintensfies. Alot of this move down has been psychological and it is still a long growing season. Wheat has a heavy short position....so any little weather problem may cause short covering later. For now, we have had the move down I was looking for, but could not post this advice, from a few weeks ago on SA, due to client privacy.
Winter Finally Getting Its Grip -- Natural Gas And Upcoming EIA Outlook [View article]
Cheers
Jim
Winter Finally Getting Its Grip -- Natural Gas And Upcoming EIA Outlook [View article]
My main focus right now is in the soft and grain market.
The -AO should result in a colder outlook. especially Mid March, but it is the same old thing with natural gas, with the changeable weather pattern and no major panic from the supply side of the equation, something that is much more relevant in soft and grain markets----supply side weather related crop assessments.
Jim
Winter Finally Getting Its Grip -- Natural Gas And Upcoming EIA Outlook [View article]
Investing In Chocolate And Brief Grain Comments [View article]
Thanks for your info
Jim
Natural Gas Investing, Cod, Sharks, Seaweed And A Cold Second Half Of Winter [View article]
Blame it on global warming, the -PDO in the Pacific but more importantly, lack of snow cover is making a huge difference on the U.S. weather pattern---record warmth and no snow cover in Chicago. However, take a look at markets such as cocoa, cotton and grains and what has happened----again, I am not permitted to discuss about 7 other markets, only on occasion
Natural Gas Investing, Cod, Sharks, Seaweed And A Cold Second Half Of Winter [View article]
Jim
Hurricane Futures And Other Some Trading Opportunities [View article]
Trading Opportunities For Upcoming Extreme Weather Conditions [View article]
http://1.usa.gov/QCZz7L
Drought To Continue Into August: Water Stocks, Grains And Natural Gas [View article]
Global Grain Panic: Trading Opportunities For This Record Hot Summer And Historic Drought [View article]
Jim
Global Grain Panic: Trading Opportunities For This Record Hot Summer And Historic Drought [View article]
How To Invest Against the U.S. Snow Drought [View article]
I think there is a natural gas company, building infrastructure to export LNG---that may be an interesting play. I know natural gas is oversold and production cuts are occurring and increased demand due to coal now being more expensive, but from a weather perspective only, this may cap rallies this summer and into the hurricane season with normal to below normal temps.
Jim
Upcoming Weather Patterns And Why Natural Gas Prices Should Stay Down [View article]