Does The Corn Belt Turn Drier Days 8-14?
The wet weather pattern continues across the Corn Belt this week but a drier pattern might evolve days 8-14.
Strongest -NAO Pattern of 2019 Emerges
Emergence of -NAO, the strongest of the year brings more wet weather to the U.S. and a wetter regime for Europe.
US/China Trade Deal and Cool/Wet Midwest Weather To Define CBOT Weekly Prices- May USDA Report A Statistical Starting Point
**AgResource Pre-Opening Sunday Calls: Soybeans 1 cent lower to 2 cents higher, corn .5-2.00 cents higher with wheat called steady to 2 cents higher. ** Weekend Weather & CBOT Market Discussion: Opening week CBOT calls are mixed to slightly higher. It’s a big week for CBOT values with Central US weather gaining in importance while…
Weekend Commodity Wrap Up
Commodity Index The CRB/CCI index pushed below chart based support and finshed near the lows for the week on the sharp drop in crude oil prices. World energy markets have corrected its 4 month rally amid fund profit taking and talk of larger Saudi and Russian production. Far less certain is whether the extra Saudi production…
Corn Ends Firm Ahead of Weekend Weather Forecasts
CBOT corn futures shrugged off midday weakness and ended steady to higher. Sunday night’s forecast will be critical in judging whether any warmth/dryness develops into May 20th. ARC’s climate scientist is in line with recent 16-30 day model guidance and above normal precip is most probable throughout the month of May. The Central Plains and…
