Highlight: Very warm pattern and quite dry especially in the extended-range. Charts of the day: The South-central U.S. September heat dome. Discussion: A late summer heat wave is setting-up across the South-central U.S. lasting much of the next 2 weeks according to GFS OP. As an example, Oklahoma City maximum temperatures are near or above…
Highlight: Dry/hot spell for central/southern Great Plains. Fig. 1-4: Short-term Kansas thunderstorms, precipitation anomaly forecasts for days 6-10/11-15 and the 8-14-day temperature anomaly forecast. U.S. discussion: U.S. AG Belt is expected to encounter a dry and warm-to-hot spell as the middle third of September approaches. In the short-term, strong-to-severe thunderstorms strike Kansas/Missouri and shift southward…
Summary: Russian harvest reports show this year’s yields are well below last year at this time. Harvest reports to date suggest USDA’s projection is about right. The USDA is projecting a crop of 72.5 MMT, down sharply from their previous estimate of 85 MMT. IF yields drop as harvest progresses (as they normally do), the final crop could…
AgResource will produce our AM, Noon and Weekend Report today. Happy Labor Day! AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 3.75 cents at $12.87, Dec corn is down 4.25 cents at $5.2125 with December Chi wheat up 2.50 cents at $7.195. AgResource Morning Grain/Soy…
The September International Trade report showed total US soybean exports in July at 34.8 Mil Bu. The figure was 48 Mil Bu less than a year ago, but 4 Mil Bu more than the monthly FGIS Inspections report. Based on the weekly FGIS Inspections data, AgResource estimates that total August soybean exports are 48 Mil…
