U.S. weather forecasts have turned hot and dry🌡️, rocketing agriculture futures prices higher this morning 🚀.

Corn🌽 is up +4.5% today, Wheat🌾 +2.9%, Soybeans 🌱 +1.6%.

These are the most important weeks of the year for U.S. Corn and Soybean production. Summer rains and temps matter.

This Wednesday we'll see updated U.S. CPI inflation data. The expectation is +8.8% y/y, a new 40-year high📈.

Bad weather over the coming weeks would dramatically dent U.S. Grain production, push global commodity prices higher, and keep inflation metrics elevated.

Something to watch closely.

# 💰 Stocks to watch today?(05 Nov)

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  • Brrrrrrrrrrr
    ·2022-07-12
    US without allies, is nothing. Amount of natural resources is peanuts compared to China, India, Russia, Middle East. Need to gang up to show US that US need not show off
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  • Ken7979
    ·2022-07-12
    inflation..increasing rates. next, recession?
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    • HH浩
      Starvation during winter time…. Famine will follow…
      2022-07-12
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  • Yckit2000
    ·2022-07-13
    Global warming is a serious threat with extreme weathers. This will further exacerbate inlfation
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  • RXU
    ·2022-07-12
    gg like that also can
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  • Linda1127
    ·2022-07-12
    bad weather... agriculture suffer
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  • Lao Tzu Ang
    ·2022-07-13
    Very true
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  • luckyone
    ·2022-07-12
    hmm prices see sawing up & down...
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  • WwwQY
    ·2022-07-12
    Up up and away… to higher inflation
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  • Humbly
    ·2022-07-12
    With the Ukraine Russian trade war, agricultural commodities are poised to rise further
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  • Veska
    ·2022-07-12
    Bad weather, good weather…. Everything goes down
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  • Ice678
    ·2022-07-12
    Poor earth
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  • ZhejiangKiwi
    ·2022-07-19
    Would continue worsening the bush fires in California.
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  • kiskish
    ·2022-07-13
    Sustainability is key
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  • CHKAN
    ·2022-07-13
    the weather is so drastically change is because of human [Blush]
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  • Feijoa8025
    ·2022-07-19

    Thanks for sharing ! 

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  • EvanHolt
    ·2022-07-15
    What good words, I learned a lot.
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  • PE24
    ·2022-07-13
    thanks for sharing
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  • JntEu
    ·2022-07-13
    Thanks for sharing
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  • kimC
    ·2022-07-13
    bad news
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  • jethro
    ·2022-07-13
    thanks for the share
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