Summary: With 98% of the wheat area harvested, Ukraine’s cumulative average wheat yield is a record. Consequently, Ukraine is projected to have a record crop of 33 MMT (vs last year’s 25.4 MMT). This will partially offset the lower-than-expected Russian and Kazakh crops.. +++++++++++++++++++++++++++++++++ On Aug 20, Ukraine’s cumulative average wheat yields (bunker weight) was…
Chart of the day: New England rainfall associated with Henri. Discussion: Rainfall associated with Henri across southeast/east New England is indicated by the GFS. The model indicates close to 8 in. along the forecast track from Providence, RI to just west of Boston. Medium-range 6-10 Day Forecast Valid August 25-29, 2021 Medium-range 11-15 Day Forecast…
Highlight: Cooler Europe regime shifts toward Russia. Charts of the day: The 7-day outlook. Discussion: A cool upper trough emerges over Europe while the hot upper ridge pattern persists in Russia budges slightly eastward. A showery regime in Central Europe and possibly the Black Sea region but staying dry to the east. Week-2 Ahead Forecast…
Highlight: Brazil receives some showers. Charts of the day: The 7-day outlook. Discussion: A cool air mass emerges over Argentina while to the north Brazil is quite warm. A cold front brings rains to Uruguay and far Southeast Brazil but dryness prevails to the north. Week-2 Ahead Forecast valid August 29-September 4, 2021: Cooler with…
AgResource Speculative Advice for Friday; 1/ Sell 2 KC December $7.00 wheat puts at $.32 to collect the premium. Wheat has as massive demand rationing job to accomplish into 2022. AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 3.50 cents at $13.235, Dec corn is…
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