AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. CBT values are weaker at midday with corn, soybean & wheat futures failing on an early rally attempt. The soybean market has been the downside leader as China did not show up with fresh US purchases. US exporters have 48 hours to report sales, but…
Charts of the day: October and November 2021 Temperature Outlooks. Discussion: The REVISED October and November 2021 U.S. temperature outlooks are revised warmer in the East due to an anticipated -PNA/+AO climate pattern. In this pattern the Northwest is usually cooler/wetter than normal while the East is warm. Medium-range 6-10 Day Forecast Valid October 3-7,…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 4.50 cents at $12.83, Dec corn is down 1.00 cent at $5.39 with December Chi wheat up 3.00 cents at $7.2525. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT values are mixed this morning with wheat…
Fig. 1-3: GFS ENS 15-day rainfall anomaly forecast for South America. South America discussion: Rainfall forecast skill scores are generally too wet by the ECM and too dry by the GFS the past 30+ days across Brazil into Argentina. Given the widespread (Brazil) drought and climate forecasts that claim a wet spring, the dry-biased GFS…
Charts of the day: The 5-day forecast. Discussion: Most of China is somewhat warmer and drier than normal while Northeast China is the cool and wet region this week. Week-2 Ahead Forecast valid October 3-9, 2021: Northern China to cool off. Discussion: A cold air mass in West-central/Central Asia shifts eastward and infiltrates Northern China…
