AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 6.00 cents at $12.8575, Dec corn is down 3.25 cents at $5.31, with December Chi wheat up 3.50 cents at $7.26. AgResource Morning Grain/Soy Comment & Analysis: Good Morning and Welcome to September! CBT futures are mixed…
Charts of the day: The 5-day outlook. Discussion: Showery regime northeast Argentina, Uruguay and far southeastern Brazil through the weekend while elsewhere is hot and dry. Week-2 Ahead Forecast valid September 5-11, 2021: Brazil trend is hotter/drier. Some rain northern Argentina. Discussion: Frontal system is able to produce some rain over northern Argentina into far…
Highlight: U.S. loses one drought area (Upper Midwest), gains another (southwest Great Plains). Fig. 1: NOAA/CPC monthly drought outlook valid for September 2021. Discussion: Drought in the Upper Midwest/West Corn Belt eases in September according to NOAA (Fig. 1). The influence of the tropics on the mid-latitude weather pattern changes! The new drought (and…
Highlight: Very wet scenario for South/East U.S. in September while the East stays warm (and wet) in October. Cooler trend to normal East November. Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for meteorological autumn 2021 is updated. The forecast is based on persistence, OCN and adjusted for operational models in September.…
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