AgResource Farm Marketing Advice for Friday: 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…
Highlight: Traders/Analysts beware of -WPO/-EPO forecast. Models are too warm in the extended-range! Climate Signals ALERT Chart Days 6-10 Days 11-15 Arctic Oscillation Weak Positive Neutral North Atlantic Oscillation Neutral Neutral Pacific North America Weak Positive Neutral West Pacific Oscillation Negative Negative East Pacific Oscillation Neutral Negative Madden Julian Oscillation Indian Ocean West Pacific…
Highlight: ENSO comments, South America/Australia rainfall pattern update and where its cold. Fig. 1: Climate Impact Company ENSO analog forecast for 2021-22 indicates La Nina peak early in 2022 but La Nina dissipates by April. The La Nina forecast: In today’s monthly Climate Impact Company ENSO outlook Report the constructed analog forecast indicates strengthening La…
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