Highlight: Wet pattern in Australia breaks in the 11-15-day period. Fig. 1: The October 2021 rainfall anomalies across Australia. Discussion: The October 2021 rainfall pattern across Australia featured several areas of MUCH ABOVE NORMAL including the central East Coast, Coastal Southeast, Coastal Southwest and North-central continent (Fig. 1). Most crop areas in Southeast Australia avoided…
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…
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Argentine Soil Moisture Replenished; Models Maintain Additional Argentine Precip in Extended Period: The South American forecast is consistent with prior output and broadly favorable. ARC does note that additional rain will be needed in far Southern Brazil by late November, but in the near term, moisture there is adequate for early soy and first-crop corn…
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