New NOAA Long-lead Climate Forecasts

Highlight: NOAA/CPC updates probability climate forecasts. Fig. 1-2: NOAA/CPC long-lead probabilistic temperature and precipitation forecast update for September 2021. Discussion: NOAA/CPC updates their long-lead probabilistic temperature/precipitation climate outlooks. The September 2021 forecast maintains Northwest U.S. heat risk and also implies a significant land-falling tropical cyclone into the northwest Gulf of Mexico and Mid-Atlantic States (Fig.…

CBT Falls on Taper Tantrum Talk from US Central Bank; Midwest Weather Forecast Holds Less than Desired Rain;Weekly Export Sales Report Due

AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 17.50 cents at $13.3575, Dec corn is down 6.00 cents at $5.59 with Sept Chi wheat down 9.00 cents at $7.285. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! It’s a risk off macro day as the…