Highlight: Mid-to-late winter forecasts are adjusted milder. Executive summary: The Climate Impact Company month 1-3 ahead outlook valid for Quarter 1 of 2021 is updated. The outlook trends milder as Eurasia is increasingly the likely target for arctic air generation and a locked-in cold pattern. On the other side of the polar region warm SSTA,…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Exit 25% of 2021 Wheat Hedges basis July Chi futures at $5.86. ARC feels uncomfortable with being 50% sold as the 2021 Russian wheat crop suffers under a drought. Although Argentine crush and labor talks made progress today, ARC understands that the representing Unions and their…
Soil Moisture Loss Accelerates in Argentina/Northern Brazil Next 5 Days; Pattern Change Needed Thereafter/Not Seen in Argentina: The South American forecast into mid-January is consistent with previous model output. Near complete dryness will be established across Mato Grosso, Goias and Northeastern Brazil into January 3. Little/no precip is offered to Argentine crop areas through the…
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