Early AG Market Wire: Flooding Episode in Midwest States; Freeze Risk Upper Midwest Days 11-15
Heavy rains affecting the northern and western Corn Belt.
Warm Phase of The Pacific Decadal Oscillation Fades
Warm phase of the Pacific decadal oscillation present much of 2019 faded in August.
Possible Hurricane off Southeast U.S. Coast Early Next Week
Close monitoring for potential for another hurricane off the Southeast U.S. coastline early next week.
Europe Week 2-4 Outlook: Crop areas are mostly are dry and turn warmer into October.
Western Europe warmth is ahead fading late month; crop areas are mostly dry.
Russian Wheat Yields Could Be Higher Than Expected. Models “Suggest” Final Crop Could Be 0.25-1.25 MMT Above USDA’s Aug Projection.
Summary:  In the Aug WASDE, USDA lowered their projection for this year’s Russian wheat yield to 2.7 MT/HA (40.2 Bu/Ac). That’s down 4.3% from the previous projection and down 0.7% from last year’s yield of 2.72 MT/HA (40.46 Bu/Ac). The most recent Russian harvest report shows this year’s yields are a bit HIGER than they were a year ago…
