StatsCan’s Wheat Crop Estimate Could Be 15-20% Too Large.
Summary: It looks like StatsCan has overestimated the Canadian wheat crop. ++++++++++++++++++++++++++++++++++ Today, Saskatchewan Ag released their first estimate of spring wheat yields based on harvest to date. The average yield was 27 BU/AC vs StatsCan’s estimate of 31.7 BU (a difference of 15%). Similarly, SaskAg pegged durum’s yield at 19 BU vs StatsCan’s 28.2…
U.S. Summertime State By State Temperature and Precipitation Ranks
Highlight: U.S. Temperature and Precipitation Ranks for August and Meteorological Summer (JUN/JUL/AUG). Summer was hottest on record! Discussion: The U.S. temperature rankings for 1895-2021 indicate summer 2021 was the warmest on record given the 127-year climatology. The record heat included state records for much of the West U.S. (Fig. 1). Twenty-five states ranked in the…
Wheat Falls On Massive Fund Selling Ahead of Report; Corn/Soybeans Stabilize on 3 Gulf Elevators Seeing Power; USDA Report in 23 Hours
CBT values opened under pressure and rebounded into the midmorning as news surfaced of several Gulf exporters coming back online as power is restored to 2-3 key facilities. Once the lights turn on, it will take facility managers a day or two to make sure that machinery is functionally normally. However, hope continues to build…
