An Early Season Chill Develops Central Russia
Expanding snow cover is the catalyst for widening cold weather in Central Russia for early October.
IRI and CIC Agree On Chicago Winter Chill Ahead
The IRI probabilistic forecast and CIC constructed analog forecast are in agreement on a colder than normal winter season ahead for Chicago.
Afternoon Weather Update
Hot Weekend Ahead; Harvest Delays Only Brief: The overall US weather pattern is little changed from prior runs, but the major models continue to advertise near complete dryness beginning mid/late next week, which continues into the first week of October. Projected high temps on Saturday is displayed at left, and notice that readings in the 90s…
Corn Rallies Despite Harvest Acceleration
Corn followed neighboring soybeans to modest gains, and ARC mentions managed funds this week hold a larger short position than expected. Active harvest lies ahead, and progress rather quickly in October amid warmth and dryness. But cash wheat prices continue to move higher, including feed wheat, and as mentioned at midday the short corn trade…
Follow Through Buying Absent; Russian Interior Market Stabilizing?
Wheat futures failed to capitalize on Thursday’s technical performance, but neither did the market collapse. How Dec CME performs around $4.50 early next week will be important to very short term direction. Otherwise prevailing themes are intact, with world markets rising again, albeit modestly. Funds on Tuesday were short a net 80,000 contracts, down 4,000…
