Download The Climate Impact Company Week 2-4 Outlook for Australia Pictured: The Climate Impact Company week 2 ahead temperature and precipitation anomaly forecast for Australia. Early-to-middle period an upper trough brings temperate and wet weather to far southeast portions of Australia. Otherwise dryness and anomalous heat is dominant.
Although a low confidence forecast there remains risk of wet weather affecting Brazil in early November.
December hogs opened higher on Thursday and marked another day of modest gains. An early rally to new highs found limited follow through, while the market had support back against unchanged on a mid morning break. The CME’s lean hog index jumped $1.21 on Thursday to $62.21, and is projected another $1.13 higher for Friday…
** South American Weather Discussion: The afternoon EU weather model update was drier from yesterday, and also keeps rains farther south than the GFS model is forecasting. Brazilian rains are so far running a couple week’s late and have also held back planting progress in the Midwestern states. However, it’s still too early in the…
CME and KC wheat futures contracts gained a couple of cents but MGE contracts rose 4-6 cents. The strength in CME was attributed to larger-than-expected export sales (including a sale of 120,000 MT to China) and short-covering after 3 days of losses. Last year, China bought 1.63 MMT of wheat out of a total of…
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