Corn Declines Amid Oval Office Disappointment
CBOT corn closed lower amid the lack of fresh news surrounding a US/China trade deal. The world has an abundance of corn with Argentine fob offers some $10-11/MT below the US Gulf. Unless a US/China trade deal is struck, the outlook for US corn prices appears sideways following the bearish March US corn stocks report.…
US Forecast Stays Cool To Mid-Month
Another developing concern is the return of freezing overnight lows to much of the Plains and Northern Midwest beginning April 11th. A string of rather warm days is expected into next Tues/Wed. However, this warmth won’t be lasting. The mean position of the jet stream mid/late next week sinks southward into the Central Plains and…
US Stays Wet; Extended Forecast Cooler
guidance through the next 2-3 weeks maintains excessive & widespread rainfall and the return of abnormally cold temps in mid-April. The consistency of the major forecasting models has boosted confidence in the nearby pattern. Unfortunately, Central US fieldwork will be limited into the last week of April. A pattern change will be needed soon thereafter.…