Madden Julian Oscillation Becomes An Influence on U.S. Climate
Strengthening MJO signals a drier/warmer potential trend in the Great Plains later next week.
CBOT Caught Between Macro Financial and E Midwest Crop Concerns – Which Way To Lean?
** AgResource Midday Market Analysis: It has been a mixed morning at the CBOT with the grains/soy trade either side of unchanged in moderate volume.   The macro factors relating to the US/world financial markets is rattling grain traders ahead of Monday’s USDA August Crop Report. World currency values and the growing prospect of future…
AgResource LATAM, August 7
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Cumulative Average Russian Wheat Yields About The Same As Year Ago, Implying USDA’s Projection is 2-3 MMT Too High.
Summary:  In the Jul WASDE, USDA lowered their projection for this year’s Russian wheat yield to 2.82 MT/HA (41.97 Bu/Ac). That’s down 4.1% from the previous projection but up 3.7% more than last year’s yield of 2.72 MT/HA (40.46 Bu/Ac). The most recent Russian harvest report shows this year’s yields slightly above what they were a year ago when…
