Weather
Weather affects many commodities that are grown throughout the world such as corn, soybeans, wheat, orange juice, canola, rough rice, oats, sugar, cotton, cocoa, coffee, etc. Clients must note that weather does have an impact on commodity and futures prices. As the weather changes in parts of the world specific crops are affected whether it is from a drought, frost, or flood. Therefore, if you can see the future forecast for a specific growing area before the weather event takes shape one could benefit. Below is up to date weather information for all parts of the world.
USDA Weather: www.usda.gov/oce/weather
Local Farmers Forecast: www.weather.com/outdoors/agriculture/forecast
World Crop Calendars: www.usda.gov/oce/weather/CropCalendars
The Drought Monitor: www.drought.unl.edu/dm
NOAA Drought Info Center (Palmer Index): www.drought.noaa.gov
US Drough Portal: www.drought.gov
Local Forecasts: www.weather.com
The risk of loss in trading commodity futures and options is substantial. Before trading, you should carefully consider your financial position to determine if futures trading is appropriate. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.
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