Climate Impact Company Updates The U.S. Week 2-4 Outlook
A dry pattern Aug. 20-26 followed by a wet Southwest U.S. Monsoon into early September.
CONAB’s August Corn Estimate Has Been Too Low 90% of the Time. Will Final Crop >100 MMT?
Bottom Line: In recent years (other than last year) Brazil’s Safrinha crop has accounted for two-thirds of total production. We estimate that about 71% of the Safrinha crop has been harvested. As we had anticipated, yields are coming in better than expected. Generally speaking, the Safrinha crop received good rainfall and a record amount of fertilizer…
Climate Impact Company Indicates Neutral ENSO Could Last Another 1 Year
Increasing influence of the Pacific decadal oscillation and Atlantic multi-decadal oscillation is expected through the next 1-3 seasons as ENSO settles in the neutral phase.
USDA Report Surprisingly Bearish! Limited Yield Loss due to Adverse Summer Weather?
** The August USDA Crop report was bearish with US corn/soybean yields well above the average trade estimates. NASS estimated the 2017 US corn yield at 169.5 BPA with the soybean yield at 49.4 BPA. Such yields were well above the top end of analyst forecasts with the additional supply flowing through to 2017/18 end…
Monthly Climate Impact Company Regional Soil Moisture Observations & Forecast
The North-Central U.S. to Iowa is in a drought scenario and slow easing is expected into autumn. Southern Europe drought continues. Drought will widen across Australia and Brazil while dryness emerges in China and strengthens in South-Central Africa.
