AgResource Weekly Newsletter, Dec 21
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Argentine corn/soy planting won’t be fully complete until mid-January. Crop critical weather has been pushed back to February and early March. It’s Brazil that’s ground zero for yield determination between now and mid-February. Soil moisture is limited or insufficient across some 40% of Brazil’s soy belt – and 60% of Brazil’s first-crop corn producing region.…
GFS Adds Rain to Southern Brazil; EU Model Holds to Overnight Solution: The EU and GFS are at odds with respect to rainfall in Mato Grosso do Sul and Parana in Southern Brazil in the 8-10 day period. The GFS advertises needed rain. The EU keeps dryness intact across the southern half of Brazil’s Ag…
CBT Corn Scores New Rally High; South American Weather Static: The CBT corn market has become more active in adding weather premium as drought in Southern Brazil intensifies. AgResource Brazil has reduced first crop Brazilian corn production estimate to 23.7 MMTs vs. CONAB’s 29 MMTs following a collapse in crop ratings in Parana and Rio…
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