El Nino Warming of The East Pacific Finally Arrives
The Nino34 region warmed RAPIDLY to a robust El Nino-like +1.1C last week indicating El Nino has finally arrived.
The Nino34 region warmed RAPIDLY to a robust El Nino-like +1.1C last week indicating El Nino has finally arrived.
** CBOT corn, soybean and KC wheat futures have been higher in opening week trade on US/China trade optimism – and the likely lowering of Chinese tariffs for US ag goods. Although naysayers remain, the US/China trade negotiations are in the final stages and traders are starting to ponder the impact of $50 Bil dollars…
The outlook favors most wet weather across Brazil while Argentina trends drier.
The week 2-4 outlook indicates patchy wet zones, not widespread dryness for March.
The super cold eases although does not end in the Great Plains while the East will warm-up.
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