The September Stocks Report was deemed as mixed. US wheat and corn stocks data was viewed as neutral to slightly bullish, while the soybean data was bearish. US 2020/21 soybean stocks were well above market expectations at 256 Mil Bu and this will drive CBOT price direction into today’s close. Grain/soy spreads should rally into…
Highlight: -PNA forecast supports cool West/warm East ahead. Charts of the day: -PNA ahead! Favors cool West/warm East. Discussion: Previously mentioned cooling SSTA in the Gulf of Alaska foreshadows a developing -PNA pattern which favors a cooler regime for the West. Medium-range 6-10 Day Forecast Valid October 5-9, 2021 Medium-range 11-15 Day Forecast Valid October…
Highlight: Building snow cover yields cold risk for the 2021-22 cold season. The constructed analog insists on this result despite warmer dynamic models. Executive Summary: The Climate Impact Company U.S. season 1-3 ahead forecast is updated. The months of October and November are added followed by the winter 2021-22 and spring/summer 2022 outlook. Climate Impact…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 1.0 cent at $12.8475, Dec corn is up 2.0 cents at $5.41 with December Chi wheat up 3.75 cents at $7.15. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! It’s USDA report day and CBT ag futures…
Thank you for subscribing to AgResource LATAM!
