The Climate Impact Company Sunday Report Doubts Heat
A persistent cool and wet pattern centered on the Mid-South U.S. persists well into August.
Weekend Commodity Wrap Up
AgResource breaks down the week in ag commodities.
World Wheat Futures Near Unchanged; Fund Length Pared Further
Managed funds as of Tuesday were net long 12,000 contracts in Chicago, and ARC estimates this position to be closer to flat to 2,000 as of this evening. US Gulf wheat is the world’s cheapest and so far interior Russian prices have shown a very muted reaction to what appears to be a record…
Corn Rallies Slightly on Export Data, IA Dryness
Rainfall in IA, even in recent weeks, has simply not caught up seasonal norms, and the 10-day outlook again lacks rainfall across the driest areas. Funds maintain a modest net long position (84,000 contracts as of Tuesday), but as trade estimates center around 161-165 Bu/Acre, downside risk remains limited. Official June shipment data was a…
Afternoon Weather Update
Wet South/Dry North into mid-August: The forecast is little changed from prior runs, and still features a dominating low pressure Trough aloft Eastern Canada and Great Lakes. This Trough will reach southward as far as the S Midwest/N Delta region, which will act to promote very active rainfall across the Southern US, but limited rainfall…
