The CBT is mixed at midday in thin volume. Short betting traders are expecting pre hedge selling in corn ahead an active weekend of Midwest harvest. The harvest is fast, but cash connected selling said to be limited – a surprise. Some cash corn is being sold in the Plains/Missouri, but otherwise, producers are storing…
Charts of the day: Day 6-10/11-15 rainfall forecast. Discussion: GFS indicates a wet pattern across southwest/southeast Australia crop areas in the medium-range. Week-2 Ahead Forecast valid October 3-9, 2021: Support is there for rain. Discussion: MJO shift to northeast of Australia lends support to some wet weather as indicated by CFS V2. Week-3 Ahead Forecast…
As of Sep 23, Ukraine had harvested 1.1 MMT of corn from 4% of its expected area. The 2021 crop’s cumulative average yield is 4.86 MT/HA (see red squares in chart below). That is slightly more than last year at this time (see black line). USDA is projecting that final corn yields will be the…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 3.00 cents at $12.8125, Dec corn is down 3.00 cents at $5.2625 with December Chi wheat down 3.50 cents at $7.1425. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! A big US harvest weekend and uncertainty regarding…
Highlight: Cooling Gulf of Alaska and southeast of Greenland SSTA pattern supports upper trough(s) in each region. In-between, a central North America ridge persists. Chart of the day: Latest late season CDD forecast. Discussion: Late season CDD forecasts remain impressive. Next week the forecast shifts warmer and much above normal CDD for early October. Finally,…
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