Fig. 1-2: ECM ENS 15-day percent of normal rainfall forecast for the U.S. and South America. U.S. and S.A. discussion: The eastern Corn Belt is dry the next 2 weeks (Fig. 1) and generally warmer than normal. Somewhat unexpected is a late warm season surge of monsoon moisture which soaks Texas and the southwest Great…
Highlight: Cold pull-back. Canada looks cold into wintertime but south of snow cover, the U.S. is revised milder. Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for quarter 4 of 2021 is updated. Due to importance of the forecast, January 2022 is added. The forecast is adjusted notably milder governed by expectation…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 1 cent lower to 2 cents higher, corn 1 cent lower to 1 cent higher with wheat called 1 cent lower to 2 cents higher. Mixed price action is expected ahead of Thursday’s USDA Stocks report. Sunday Weather & CBOT Market Discussion: Opening week CBT calls are…
Summary: Brazil shipped 821,000 MT of soybeans this past week. There were 140,000 MT shipped from Argentina. US soybean exports are estimated at 385,000 MT. Brazil Sep exports could be 4.90 MMT. USDA left its projection for Brazil’s local marketing year exports unchanged at a record 86.5 MMT. Shipments are slightly ahead of the pace need…
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