CBT futures are lower at midday on the concern of damage to Gulf export facilities amid the uncertainty of when electrical power will return? The damage unknowns from Hurricane Ida – and its negative short term impact on exports – pushed December corn to fresh lows at $5.2525. The next level of support rests at…
Chart of the day: Late summer tropical rains. Discussion: Late summer tropical rains eat away at existing drought areas while already wet zones turn wetter. Medium-range 6-10 Day Forecast Valid September 5-9, 2021 Medium-range 11-15 Day Forecast Valid September 10-14, 2021 Discussion: The outlook utilizes the ECM ENS model. Indicated is a cool regime across…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 2.00 cent at $13.0525, Dec corn is up 1.00 cent at $5.4375, with December Chi wheat down 4.25 cents at $7.1925 AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Mixed to mostly lower is CBT trade with…
Fig. 1: The NOAA/NWS weather watch, warning and advisory areas. Short-term high impact weather: The Southwest and East U.S. encounter dangerous and potentially life-threatening flash flooding events caused by excessive rainfall the next 2-3 days. Flash Flood Watch areas are posted for all of the Southwest U.S. to the southern Great Basin and Alabama to…
Chart of the day: EDO drought analysis. Discussion: The Europe Drought Observatory identifies patchy drought areas across Southern and Eastern Europe plus Scandinavia. The largest drought is in southwest/west Norway. Other drought areas are intense but limited in aerial coverage. The Eastern Turkey drought which stretches into Russia’s Southern District is also intense. Week-2 Ahead…
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