High Wind Events Ahead
Strong +AAM implies a stronger than normal jet stream leading to high wind events associated with cold fronts and storms.
U.S. Medium-range: Extreme Cold Days 6-10
Super chill days 6-10 should ease in the extended-range.
Europe Week 2-4 Outlook
High wind events and lack of any thermal extremes highlights the Europe forecast into February.
CBOT Mixed at Midday with Dry South Brazilian Weather Offering Soybean Support; Cold US Forecasts Underpin Wheat
** Mixed/low volume trade persists at the CBOT with summer row crop futures firm while the wheat market sags on chart-based selling. Since the US Gov’t partially closed on December 28th, neither the bulls or the bears have been able to push their individual causes. Rallies have stalled, and breaks have been underpinned as the…
US Soybean Ship Lineup Hard To Assess Due To So Many Vessels To-Be-Nominated (TBN).
Summary: Next week ’s soybean export inspections are expected to be 1,375,000 MT (50.5 Mil Bu). If this is correct, that would be up 24% from the previous week’s. This week’s ship lineup is 1,068,000 MT. That is up 24% from last week. This week’s lineup is 43% smaller than a year ago. There were 53 vessels to-be-nominated (TBN). That is up 1 from last week and is the…
