Highlight: Western warmth and turning showery Midwest States late APR/early MAY. Chart of the day: Rainfall needed to end drought. Discussion: NOAA/CPC identifies areas of soil moisture deficit and the amount of rainfall needed to neutralize dry Palmer Drought Severity Index (PDSI). Dryness is becoming more dramatic across California to Texas, Florida and the Northeast…
Click here to read this week’s Weekly Report
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. The May WASDE Crop Report offers the first official estimates of 2021/22 US and world crop production, demand, and end stocks end stocks. WASDE produced US new crop balance sheets as part of the February Outlook Forum, but they will be refined using the NASS…
Soybeans Follow Soyoil Higher on Cash Basis: Strong gains in soyoil lifted soybean to a higher close. Canola futures gained C$8.60/MT to mark a contract high close. Midwest cash soyoil premiums are extremely stout on strong demand. Soyoil has turned rangebound in recent weeks following near non stop rally since October. World cash vegetable oil…
Central US Forecast Adds Rain to far Western Plains; No Sign of Needed Rain in Dakotas/Canadian Prairies: The US forecast is consistent with previous output. A low pressure Trough will trigger dry but rather cool weather across the principal Midwest into late April. Forecast details have trended favorably wetter in KS/NE this weekend. However, little/no…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
