South American Weather Pattern Discussion
Models Maintain Improved Rain Chances for Parana Next Week; Overall Climate Pattern is Stagnant: The forecasting models are in general agreement that rainfall of 1-2” impacts Mato Grosso do Sul and Parana in Brazil in the 6-10 day period. This along with rainfall in Parana overnight sparked Thursday’s correction in global corn and oilseed markets.…
South American Weather Pattern Discussion
Climate models maintain a peak in La Nina at some point in January, with a very slow fade to follow thereafter into late spring. The plume of La Nina forecasts is attached. There remains general agreement that a weak to moderate La Nina persists into the end of South America’s summer growing condition. In fact,…
AgResource Hog Comment and Analysis
CME Hog Futures Relax on Late Year Profit Taking: Limited news and reduced trading interest had CME hog futures lower on Thursday. Most contracts marked a quiet, inside trading day as traders booked profits ahead of year-end. The Export Sales report showed total weekly pork sales rose to a 4-week high of 86 Mil Lbs.…