As the month of March begins, weather trends begin to become a bigger market factor. Jim Bower says several, well-respected meteorologists are now leaning toward not having an El Niño event this year, “If that happens, that changes the ballgame pretty quick.” He added, with 90 degree temperatures over the weekend in parts of the southwest and the lack of snow cover in much of the north, the market is paying a lot more attention to what the spring conditions are likely to be.
This unseasonable, warmer pattern has the market worried about the U.S. winter wheat market. With reduced acres, any threat to yield will have an exaggerated market impact, “Here at Bower Trading, we have no interest in selling rallies in the coming weeks in wheat. Given the 109 year low in planted acreage and the sub-par start to the winter wheat growing season.” He added any validated threat to the wheat crop will energize the market and move prices sharply higher.
for more information call Bower trading 1 800 533-8045
This material has been prepared by a sales or trading employee or agent of Bower Trading Inc and is, or is in the nature of, a solicitation. This material is not a research report prepared by Bower Trading Inc. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Bower Trading Inc believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.