Highlight: Drier character to today’s 15-day GFS ENS forecasts. Fig. 1-2: The 12Z GFS ENS days 1-10 percent of normal rainfall forecast across Argentina/Brazil and the daily soil moisture anomaly analysis for South America. Fig. 3: An ENSO phase probability forecast for 2021 by CPC/IRI reveals the most likely phase this year is neutral or…
Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are mixed. Ever-Given remained beached in the Suez Canal while the Brazilian winter corn area forecast is warm/dry for at least another 10-12 days. The important NASS March Stocks/Seeding Report looms on Wednesday which will produce considerable volatility into the Easter Holiday. The CBOT will…
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