Medium-range Forecasts Favor Warmth in the Central U.S.
Both a warmer and drier climate is forecast across the Central U.S. for most of the second half of November.
Cattle Called Steady/Weak; Argentine Dryness Needs to be Monitored
** AgResource Daily Cattle Analysis: Cattle futures remained under technical pressure through Tuesday’s trade, leaving live cattle prices from $.95 lower in April to $1.90 lower in August, while nearby December was just over $1 lower. The CME continues to trade down on ideas of no better than steady cash trade, as well as expectations…
CBOT Bounces Overnight; US Farmers Halt Cash Sales
** 6:30 AM CDT CBOT Prices: January soybeans are up 4.50 cents at $9.7225, Dec corn is up .25 of a cent at $3.33775, while Dec Chi wheat is down 1.25 cents at $4.2675. ** AgResource AM Grain & Oilseed Comment: Good Morning! The overnight CBOT trading session is mixed (again), a theme that has…
New Crop Russian Wheat Supply & Demand
Two issues will keep growth the US’s share of world trade limited over the next 12 months, and both center on Russia. The first is that following incredible yields in 2017, trend yield in Russia will be elevated, and in fact trend yield there is growing at a pace much faster than anywhere else. A…
Afternoon Weather Update
Argentine Forecast Slightly Wetter; La Nina Arrives: The equatorial Pacific has been at La Nina thresholds for two consecutive months, and all models remain in agreement that La Nina will be established officially by December. La Nina then persists into Feb/Mar. This won’t be an issue for the Northern Hemisphere growing season (neutral ENSO is…
