CORN: StoneX’s estimate of the “final” 2021 corn estimate is 15,022 MBU (based on a yield projection of 176.6 BU). Last year, StoneX’s corn estimate was 220 MBU (1.50%) above the USDA’s October Crop Report. Last month, StoneX’s corn estimate was 2 MBU (0.01%) above the USDA’s September Crop Report. USDA’s September estimate was 14,996 MBU (based on…
Highlight: No change to the cold West/warm Central/East forecast. Precipitation increases for the Northwest/North-central (and Calif.). Chart of the day: Early season snow cover causes trough/ridge pattern for northern hemisphere. Discussion: Cold advection snows into northwestern North America and northeastern Eurasia cool the atmosphere aloft and provide an early season home for the polar vortex.…
Executive summary: La Nina Modoki is rare! The last fortified La Nina Modoki occurred during quarter 1 of 1989. The climate patterns for quarter 1 of 1989 associated with this ENSO regime were generally much different from conventional La Nina. The La Nina Modoki favors a drier climate in South America and Australia and shifts…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 1.25 cents at $12.345, Dec corn is down 3.25 cents at $5.375 with December Chi wheat down 9.00 cents at $7.475. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures were weaker overnight with wheat leading…
Charts of the day: Early season snow cover playing a role on warm North America pattern. Discussion: Northwest North America and northeast/North-central Russia early season snow cover is gaining, causing the atmosphere aloft to cool and inviting presence of the polar vortex through the middle third of October. East of the polar vortex, a high…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
