AgResource LATAM, August 09
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Seasonal Soil Moisture Trend Across The Globe Lead by Vast Changes in North America and Europe/Russia
The number of vast regions of soil moisture change across the globe during MAY/JUN/JUL were dry in 12 regions versus 6 wet regions.
Wheat Steadies Ahead of USDA; Rainfall Ongoing in N Europe
Black Sea cash markets are a tad weaker, but otherwise global wheat prices are firm. Offers in Northern Europe, in particular, continue to rise as harvest slows and quality is in jeopardy. The graphic below shows 10-day rainfall, and additional issues lie ahead amid precip of 2-4” in Germany & Poland. US wheat is still…
Corn Rebounds on Weather, Ahead of USDA
A bulk of the Midwestern corn crop will see near complete dryness to finish the growing season, which in parts of IA, MO and IL is far from ideal given current soil moisture deficits. As private crop tours become more common, there’s increasing evidence that national yield could drop closer to 160 Bu/acre, and though…
Afternoon Weather Update
Midwest Dryness Extended into August 25th: The forecast is little changed nearby, but drier in the 11-15 day period as an ongoing blocking pattern persists. Very wet weather will continue across the S Plains, Delta & Southeast for the next week. Near complete dryness will outline the heart of the US corn & soy belts,…
