U.S. Month 1-3 Ahead Outlook: The next 3 months look super-hot Texas/Oklahoma and soaking wet Northeast.
The outlook into mid-summer for the U.S.
The outlook into mid-summer for the U.S.
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. The US has sold 2,587 Mil Bu of corn through March 25th, a record – and the US will surely have surely sold 2,600 Mil Bu as of April 1st. Such sales are equal to the WASDE forecast for the entire 2020/21 crop year. And…
Global Vegoil Markets Unwilling to Break; Palm Oil Inventory Unlikly to Rise in the Near-Term: Global vegoil prices have corrected from multi-year highs as key USDA reports produced profit taking. Yet, there clearly are supply issues – Black Sea sunoil this week is quoted at $1,575/MT ($.71/Lb), with EU rapeseed oil still perched near $1,275/MT…
Dryness Resumes across Central/Northern Brazil April 10-17; Dryness Continues across Southern Brazil Indefinitely: The orecast over the weekend has trended drier in the 7-14 day period. More concerning is that little/no precip is offered to Mato Grosso do Sul, Parana and Sao Paulo into April 19th. The attached graphic shows April 1-19 % of normal…
The US winter wheat crop is rated at 53% GD/EX, vs. 62% last year and vs. 60% in early April 2019. Once again there is a rather large discrepancy between SRW and HRW crop health, which looks to be exacerbated in the weeks ahead if model forecasts – which are arid across the Plains –…
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