An El Nino Climate OFFICIALLY Evolves in South America
An El Nino climate (as defined by persistent -SOI) evolved in FEB/MAR with El Nino-like precipitation extending across much of South America.
An El Nino climate (as defined by persistent -SOI) evolved in FEB/MAR with El Nino-like precipitation extending across much of South America.
1/ Corn Producers: Hedge 15% of the estimated ‘19 corn crop if Dec ‘19 futures reach $4.14. This would push 2019 corn sales to 50%. 2/ Corn Producers: Hedge the first 20% of your estimated 2020 crop at $4.24 basis December 2020 corn futures. This our first sale of the 2020 crop. 3/ Corn…
The EU & Black Sea forecast still includes less than desired precip across key parts of Europe and much of Ukraine through the next two weeks. The attached graphic shows vegetation health against last year. Conditions in France and the Baltic region (a rising producer of wheat & corn) are noticeably worse than last year.…
The EU & GFS models are in decent agreement and both have added another round of heavy rain to the Delta & Midwest April 5-11. A string of dry and warming weather occurs next week, but with longer term climate guidance calling for above normal precip in many areas through May, ARC doubts that lasting…
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