CBT futures are mixed at midday following a liquidating break in December corn futures below $5.30. Soybean/wheat futures followed corn to easier levels, but never reached into the red. Soyoil is posting strong gains on the expectation that the Biden Administration won’t break its promise to US farmers on steady to expanding biofuel use made…
Highlight: East to stay very warm and humid. Charts of the day: Wet summer/warm SSTA = High humidity! Discussion: Relentless high humidity is affecting many parts of the U.S. this summer season. A recipe for persistent high humidity in the East is a wet summer coupled with the influence on climate by unusually very warm…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 13.50 cents at $13.0425, Dec corn is up 2 cents at $5.39 with Sept Chi wheat up 10.25 cents at $7.245. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! The week started out slightly lower on carry…
Highlight: Heavy rains for Poland and vicinity ahead! Russia is dry/hot. Fig. 1-2: Europe 15-day temperature anomaly and rainfall amount outlook according to GFS. Fig. 3-4: GFS ENS 15-day temperature anomaly and percent of normal rainfall forecast by GFS ENS for Europe and Russia. Discussion: Sharp positive phase of the Scandinavia Index is forecast much…
Fig. 1-2: The ECM ENS 15-day upper air forecast and attendant precipitation and temperature anomalies. Canadian Prairies/North-central U.S. discussion: Rainfall required to neutralize dry Palmer Drought Severity index (PDSI) is in the 8-16 in. range across the southern Canadian Prairies to the North-central and Upper Midwest U.S. The rainfall deficits equate to long-term harsh D3/D4…
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