Australia Season 1-3 Ahead: +IOD & El Nino Spell Drought Woes
The largescale climate strongly supports dryness winter into next spring.
Europe Season 1-3 Ahead Outlook: Upper ridge sets up over East/North Europe for mid-to-late summer.
Summertime looks warm to hot eastern and northern Europe while southern sections are showery.
CBOT Recovers from Tuesday’s Fall; Doubt Prevails that Rally Can Continue Amid Improving Central US Weather?
** AgResource Midday Market Analysis: ** CBOT General Market Comment: Forgive the pun – the CBOT appears to be caught in the mud – with neither rallies or breaks being able to follow through! Such was the case again this morning with lower overnight values unable to be sustained with new speculative buying showing up…
Asia Season 1-3 Ahead Outlook: China Wheat Drought Risk
Potential drought for China wheat growing areas!
Many Unknowns for US Corn and Soy Crop; Summer Like Temps Ahead for Central US
** AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.23. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. ** 6:30 AM CDT CBOT Futures: July soybeans are down 4.25 cents at $8.99,…
