How does a developing #ElNiño typically affect commodities ? Currently, we have been forecasting for two weeks some near historic wet @ReutersCommods weather coming for northern Brazil. How will this impact oranges, sugarcane and #coffee the next 2 weeks? @jonasandsax@StoneX_Official@Commodities_Ppl
We invite you to receive our CLIMATELLIGENCE reports here. https://t.co/WvaaJRogTs
El Niño is born! Destined to be the biggest in 150 years +??
NOAA declares: El Niño Advisory
This morning conditions in the Eastern Pacific met the criteria for El Niño. This means Sea Surface Temps reached a certain level above normal, and the ocean and atmosphere “coupled” meaning they are now working in tandem to produce impacts. This event is widely advertised by models to be potentially the strongest on record. El Niño takes very hot water stored in the deep tropical west Pacific, pushing it east and up to the surface, lofting that heat into the atmosphere, which supercharges weather events and throws the climate off-kilter. This typical means more intense heatwaves & floods, but also it restrains the Atlantic hurricane season. So its impacts are both good and bad. One thing seems virtually certain: the heat released into the atmosphere will make for some unprecedented events through 2027, and on top of longterm warming, the hottest global temperatures in many tens of 1000s of years. #ElNino #florida #storm #heatwave #flood #drought
Have #wheat prices bottomed? #Commodities . Will these disease issues #agwx#agtwitter be any big deal for the U.S. wheat crop later in June. Find out with a special new service here
https://t.co/7PfneWLMMK
Sign up here for FREE for upcoming reports https://t.co/4TlNK6TUjB
on our new CLIMATELLIGENCE APP
How do commodity traders use Commitment of Traders (COT) in conjunction with global weather to trade #commodities#agtwitter & have an advantage in understanding trader psychology? For example, are #wheat prices oversold given too much of a bearish sentiment? Will new crop problems develop?
A remarkable 3.5˚C rise in central equatorial Pacific Ocean temperatures is possible by November, shows new ECMWF, which would mark the strongest El Niño on record.
Possible strength scenarios range from +2.8˚C to +4.3˚C, with sweeping consequences on global climate into 2027.
There’s been a lot of chatter about the cold blue blob in the North Atlantic lately. @rahmstorf just published a paper very recently. The cold blob (warming hole) is not new. But perhaps against the backdrop of blazing red El Niño maps, people are noticing it more. That’s good. It’s a big deal, a canary in the coal mine. Here’s a level headed discussion on the latest science on the #AMOC - potential collapse - yes the cold blue blob in the N Atlantic is very likely due to a slowing of that vital circulation which is responsible for 25% of Northward heat transport. That’s a lot. So any major disruption is a major problem. Maybe watch it at like 1.25-1.5X the speed because my pace was a little slow.
Stephen A. Smith tells President Trump not to come to Madison Square Garden for Game 3 of the NBA Finals,
“He’s coming to Game three of the Finals, and I don’t want him there. It has nothing to do with politics, policy, or anything like that."
Why did we become bearish #wheat prices, some 35-50 cents higher than this? Even in the midst of the Plains severe #drought ? Not only were the charts turning bearish but our forecast two weeks ago for big-time rains in Australia, Ukraine and Eastern U.S. The global situation #agtwitter #Commodities took over. What's our longer-term view? Will wheat be a buy, later?
Find out here https://t.co/WvaaJRogTs where will be offering a big discounted commodity weather service for small traders and investors
Jim Roemer's bearish view in #coffee futures from $3.60 last July-August on our forecast of a break in the N. Brazil drought and a big crop may be tainted by these rains. While we do not see no freeze potential due to #ElNiño forming, rains of 400-600% of normal in 10-13 days will be unwarranted.
What's our longer term #agwx view? Sign up here for FREE issues https://t.co/WvaaJRogTs