AgResource Weekly Newsletter, August 17
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Aussie Soil Moisture Abundant; Above Normal Rainfall Forecast for September: Australian growing areas since late 2020 have benefited from abnormally heavy rainfall, and active precip is most probable into autumn amid the development of La Nina. The attached graphic displays soil moisture ranging percentiles as of mid-August. Cumulative rainfall of .25-.50” will impact much of…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. The AgResource App is available for download now on both Apple Store and Google Play. Go to your phone and scan the QR code above or search for “AgResource” to download the app inside your app store! Any questions on the app call 312-408-0045
Central US Forecast Maintains Needed Rainfall Across Northern Plains Next Week; Warmth/Dryness Resumes Thereafter: The EU and GFS models are consistent with prior runs and are in good agreement into Aug 31. ARC views the coming pattern as mixed as meaningful soil moisture boosts into late month will be only regional in nature. Heat and…
Soybeans Turn Down on Sliding Old Crop Basis: Overnight strength on lower crop ratings faded during the day, leaving CBT prices 5-7 cents lower. The USDA announced new crop export sales to China totaling 7.3 Mil Bu with another 4.9 Mil Bu sold to an unknown destination. There has been 78.8 Mil Bu worth of…
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