News services report that Russia’s Ag Minister says that the country will set grain export quotas for Jan-Jun 2022. In addition, the Minister said that the country may change the formula for its grain export tax in case of significant further price growth. Apparently an expected levy of $100 MT is not enough to reduce…
Climate Signals Chart (adding Asia/Bering Sea/North America index) Days 6-10 Days 11-15 Arctic Oscillation Weak Positive Neutral North Atlantic Oscillation Weak Positive Neutral Pacific North America Neutral Neutral West Pacific Oscillation Negative Weak Negative East Pacific Oscillation Weak Negative Weak Negative Madden Julian Oscillation Indonesia West Pacific Ocean Asia/Bering/N.A. Negative Weak Negative Stratosphere Cooling…
AgResource Farm Marketing Advice for Wednesday:1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%. 2/ Corn Producers: Sell 20% of 2021 corn production at $5.84 basis March corn futures. 3/ Soybean Producers: Sell 20% of the 2021 soybean crop at…
Highlight: Australia heavy rains/following cool temperatures. Fig. 1: Weather satellite view of Australia. Source: The Weather Channel Australia rains and following chill: Areas of heavy rain are developing in Eastern Australia (Fig. 1). Heaviest rain is across east/southeast Queensland and northeast New South Wales. A slow-moving upper trough is amplifying and will maintain the wet…
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