NOAA La Nina-Biased Probabilistic Climate Forecasts Through Winter
NOAA settles on a La Nina style climate forecast for winter 2017-18.
Cattle Called Steady; Rain Added To Midwest Forecast
** AgResource Daily Cattle Analysis: Cattle futures traded a wide range through Wednesday before closing higher, and a firm outlook is offered for early trade this morning. December cattle opened weaker and technical trading quickly to the market back to the 100 day moving average where strong demand was uncovered, that lifted the market higher…
Quiet CBOT Trade Continues
** AgResource AM Grain & Oilseed Comment: Good Morning! It’s been a rather quiet overnight CBOT trade as a lack of price movement continues to restrict new trading. The CBOT is little changed this AM with the market awaiting US weekly export sales data this AM. The volume of CBOT trade has declined from…
Wheat Extends Losses Through Wednesday
US wheat futures dropped today with many contracts down over a nickel. The biggest loss was in the KC market with the December contract down 5.25 cents, while the smallest decline was in Mnpls with the December contract off just a penny. The flagship CME December contract lost 5 cents to close at $4.2975, and…
Afternoon Weather Update
** South American Weather Discussion: The US and EU weather models remain in good agreement, and are bringing forward some much needed rain for N and C Brazil during the last week of October. The Brazilian rainy season is starting late by some 2-3 weeks, which should not impact soybean yields, but could trim yields…
