U.S. Medium-range Forecast
Super cold weather is ahead to close 2017 and ring in the New Year. But a warmer pattern change is indicated Jan. 6-10 driven by an amplifying Madden Julian oscillation in the Indian Ocean.
Cattle Await USDA On Feed Report; Dry Weather and Warming Temps for Argy Next Week
** AgResource Daily Cattle Analysis: Cattle and feeder cattle managed a modest recovery through Thursday, and a steady outlook is offered for early trade this morning. It was quieter, inside day of trading in both markets, though reduced selling pressure and short covering following the early week break left both live and feeder prices higher…
US BioDiesel Tax Credit Returns?/ CBOT Mixed Pre Christmas Holiday
** 6:30 AM CST CBOT Prices: January soybeans are unchanged at $9.4875, March corn is down .25 of a cent at $3.51, and Mar Chi wheat is unchanged at $4.27 ** Merry Christmas! The CBOT will be closing at 12 Noon Central time ahead of the holiday. ARC will release our AM and weekend wires…
Climate Impact Updates U.S. JAN, FEB and MAR Outlook
The Climate Impact Company month 1-3 outlook is updated. The forecast is based on a SSTA analog considering anomalous warmth southwest of California, a warm North Atlantic and a La Nina episode. The outlook is adjusted warmer in the Southwest during January while colder than normal temperatures remain in the northern U.S. outlook. During February the outlook is less cold North but cooler in the Southeast while the warm anomaly is adjusted to the Southwest U.S. Finally, the March outlook is cool in the Northwest and warm in Texas.
Argentine Corn Planting Progress
Corn planting progress surged this week, but harvest still looks to be delayed till mid-summer.
