“We think June is going to be the hottest ever from a cooling degree day standpoint—the air conditioning is running everywhere,” says Michael Clark, chief meteorologist with BAMWX.
Could the High Heat Cause Corn Prices to Repeat 1988 and 2012 Levels?
Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.