Next Weekly Newsletter Released On Wednesday, Feb 14th
The next edition of the AgResource Weekly Newsletter will be released on Wednesday, February 14th.
Afternoon Weather Update
A rather static weather pattern has held across South America since October. A cold pool of Pacific Ocean water has persisted to the west of South America since September (La Nina). And warming ocean temps has developed to the east of Argentina (circled in red), which is creating a fast-moving jet stream and high pressure…
Hogs Slump In Late Week Trade
An early Friday rally in the hog market quickly fizzled and fund liquidation kept futures lower into the close, giving back all of Thursday’s gains. The lean hog index on the other hand was up $.25 at $75.63, but projected $.25 lower for Monday. The Commitment of Traders Report confirmed large fund liquidation in…
US Ethanol & DDG Consumption
Ethanol and ethanol by-product exports remain a critical part of the recent boost in US grain prices. ARC has mentioned before that finding foreign export markets ultimately raises the US blend wall, which for so many years has been a simple function of gasoline production. But with other countries embarking on biofuel policies, and amid…
Corn Corrects, Argentine Crop Needs Rain
Spotty showers will occur on the weekend in Central Argentina, but widespread soaking rain – which is now required – is not indicated. It’s almost too late for a pattern change to materially impact corn yield following cumulative Oct-Jan precip of just 65% of normal. Dry weather returns to Argentina in the 4-12 day period,…
