BOIL - Groundhog Day 2019 And Punxsutawney Phil's Projections For Markets: Soybeans Could Rally
Groundhog Day is a strange American tradition. Each year on February 2, a furry rodent predicts the weather based on if it sees its shadow or not. Sounds crazy? Well, it certainly is a bit nuts.
The concept of Groundhog Day comes from an ancient Christian celebration, Candlemas Day, which marks the midpoint between the winter solstice and the spring equinox. On Candlemas Day, clergy would bless candles needed for the rest of winter and distribute them to their congregations. According to the Punxsutawney Groundhog Club's website, if the day was sunny and clear the