U.S. August Through October Outlook is Updated
Warmth and dryness continue to dominate North-central U.S. into autumn.
Warmth and dryness continue to dominate North-central U.S. into autumn.
Plains Crop Stress Mounts Next 5 Days; Cooler but Dry Conditions Projected First Week of August: The Central US forecast is consistent in featuring scorching heat/dryness across the Plains and W Midwest thru Friday. The EU model’s July 29 max temp forecast is attached. Highs in the 90s/low 100s will be spread across areas already…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Iowa will be the weather focus for the next 2 weeks to determine how much rain falls along with how hot it becomes? NASS weekly crop condition reports showed a 3% decline in Iowa corn conditions (65% GD/EX) and a 5% decline in soybeans to…
Feed Wheat Market Bottoms Along With Milling Wheat: Old and new crop US corn export demand has lagged since early summer, which is surprising given Brazil’s year-over-year production decline of 16-22 MMTs of winter corn. So far, major feed importers have relied on cheaper Black Sea feed wheat along with competitively priced Argentine corn. Additionally,…
AgResource maintains a bullish US/global corn market outlook based on demand – not supply. Yet, current tight stocks issues will not be solved in just one crop year. AgResource’s bullish corn outlook is based on record demand, its supply that determines the timing of a rationing rally. As for supply, extreme drought across the Dakotas…
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