With less than 2% of the area harvested, Ukraine corn yields are just about average. The 2021 crop’s cumulative average yield is 4.8 MT/HA (see red line in chart below). That is slightly less than last year at this time (see black line). USDA is projecting that final corn yields will be the 2nd highest…
Executive Summary: The Climate Impact Company month 1-3 ahead forecast for Australia valid for quarter 4 of 2021 is updated. The outlook trends wetter for northern and eastern Australia for October and November with lingering heavy rains for December in the North. The attendant cloudiness/precipitation leaves the continent mostly cooler than normal for mid-to-late spring…
Executive Summary: The warmest tropical South Atlantic index on record heading into springtime is the catalyst to push a developing and persistent wet climate across Brazil for quarter 4 of 2021. The rainfall is sufficient to ease and finally end the drought condition for much of Brazil. South of the wet zone, a drier climate…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 9.25 cents at $12.8675, Dec corn is down 1.50 cents at $5.28 with December Chi wheat unchanged at $7.13. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Thursday’s correction and a pending active harvest weekend pressured CBT…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. Spot corn basis has held far stronger than expected as the US corn harvest gains speed. Ethanol plants, exporters and feed manufacturers are all seeking spot supply. The US cash corn market feels tighter than the 1.2 Bil Bu that WASDE forecasts. Or maybe the…
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