AgResource Weekly Newsletter, Dec 17
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MJO Forecast Update: Emerging MJO Phase_6 Warms the U.S.
Emerging phase_6 of the Mdeen Julian oscillation dries out India/East Africa, could produce some rain in Australia and warms the U.S.
Markets Find Additional Buying Interest; Soy Oil Leads
AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales…
Weekly ENSO update: Why an on again/off again weak El Nino?
Another Kelvin Wave is born near the Dateline.
USDA Raises Brazil’s Soybean Exports 2.8 MMT. Differences Between Data Sources Could Be Behind the Revised Projection.
Summary: Last week, in the December WASDE, USDA raised its projection for Brazil’s soybean exports by 2.8 MMT to 72.8 MMT. We think the increase was prompted because official SESEX cumulative exports are running well ahead of exports reported by the provider of global trade data we believe is used by the USDA in tracking…
