April 10, 2007
Another inconvenient truth
Markets are remarkable for detecting and neutralizing B.S. When it's your money that's at stake -- as a bettor or investor -- only an idiot bases decisions on trendy, politically-correct moonbat theories.
So, what does the smart money have to say on the agricultural futures market?
Last year was record warm, this year record cold! April is currently tracking as the coldest April in 113 years - a dramatic change from last years #1 warmest ever. Even after some late month moderation, April 2007 will likely keep the month in the top 7 coldest in history.
The Southwest is the one exception, but even here temperatures will cool dramatically late in the week. And, the snow is not over! Short range computer models hint at the possibility of a stronger snow storm from Colorado to Wisconsin late in the week into the weekend. This will be the heavy wet variety.
The week overall is expected to show the greatest change toward wetter weather in two years - another very big negative for retail sales and for early planting of this years Corn and Bean crop.
Weather Trends had forecast this to be the coldest April in 7 years and the wettest in 3 years. It will very likely be the coldest in 10 years and wettest in three.
Global warming. Nuclear winter. The Goreacle must be pissed.
Posted by Mike Lief at April 10, 2007 10:42 PM
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