Summary: China reported that Aug corn imports were 3.23 MMT, the second largest ever. Cumulative Oct-Aug imports are now 26 MMT vs USDA projection of 26 MMT. Sep corn imports could be 2-4 MMT making total annual imports 28-30 MMT. +++++++++++++++++++++++++++++++++++ China’s cumulative imports already match USDA’s corn projection and there’s still one month to…
Charts of the day: The 7-day forecast. Discussion: The continental climate is dry! The Central and East sections average cooler than normal while warmth is present on the West Coast. Week-2 Ahead Forecast valid September 26-October 2, 2021 (previous below): Wet risk for crop areas. Discussion: The outlook is consistent with anomalous warmth across northern…
Charts of the day: The 7-day forecast. Discussion: The continental climate is dry! The Central and East sections average cooler than normal while warmth is present on the West Coast. Week-2 Ahead Forecast valid September 26-October 2, 2021 (previous below): Wet risk for crop areas. Discussion: The outlook is consistent with anomalous warmth across northern…
Chart of the day: The 7-day forecast. Discussion: This week is very warm and mostly dry in Southeast Brazil while Central Brazil trends wetter. Argentina is mostly dry. Week-2 Ahead Forecast valid September 26-October 2, 2021: Hot/dry Paraguay and vicinity. Discussion: Hot and dry across Paraguay and vicinity. Uruguay is a wet zone. Far northern…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Risk off was the theme with a host of financial markets falling prey to the news of Chinese property developer Evergrande struggling with excessive leverage and an inability to pay interest/debt obligations. Evergrande has been on a debt watch lists for years, but confidence has…
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