Day 11-15 Forecast Suddenly Quite Wet Corn Belt
The forecast trend is wetter in the 11-15 day period for the Corn Belt.
The forecast trend is wetter in the 11-15 day period for the Corn Belt.
The Indian Ocean climate affects the prevailing pattern across Russia to China (and possibly Europe and the U.S.) for AUG/SEP/OCT.
Choppy warmth ahead for Europe. Risk of excessive heat Aug. 11-17.
The cool pattern in Western Russia erodes but is likely to return later summer.
Recent US rainfall, cooler temps in late July and historically weak South American cash fob basis has combined to pull spot corn CBOT corn futures down 25 cents this week. The market has been sensitive to any kind of US weather improvement as US corn export demand is being lost. Note that Argentine corn is…
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