Australia Week 2-4 Outlook: Excessive heat especially southern continent BUT the largescale climate supports wet opportunities in January.
Excessive and dangerous heat in Australia in the short-term. Wet opportunities emerge in the extended-range.
Markets Maintain Strength; Wheat Finds New Rally High
AgResource Farm Marketing Advice for Monday: 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 to…
South America Week 2-4 Outlook: Turning wetter Brazil; Argentina likely to stay on the dry side.
Wetter pattern change for Brazil remains in the extended-range forecast.
Europe Week 2-4 Ahead: Mostly warm, patchy wet areas possible
Highlight: Mostly warm, patchy wet areas possible. Chart of the day: The prevailing upper air pattern. Discussion: Part of climate change…a persistent area of cooler than normal waters south of Greenland has caused the air aloft to stay cooler than the surrounding environment generating a semi-permanent upper trough sending storms into Western Europe while downstream…
Deepening Understanding of Phase 1 Deal Rallies CBOT; N Argentina Enjoys Soaking Weekend Rain; Melt-Up in CBOT into January USDA Report?
** AgResource Farm Marketing Advice for Monday: 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…
