Click here to view the data G-3 soybean shipments to China this past week were 1.541 MMT, up 47% from the previous week’s 998,168 MT but less than last year. G-3 cumulative shipments to China are estimated to be 84.01 MMT. That’s a record and up 591,202 MT (0.4%) from a year ago. It’s also…
Red is the color of CBT midday trade with corn, soybeans and wheat retreating from Friday’s rally. Green blobs on the Central US radar and the sharp fall in US energy/metal prices has produced a risk off trading mentality. The US dollar is firm with gold values down $35/oz as the US will be able…
Fig. 1: NOAA state average temperature ranks for July 2021. Discussion: Extremes rule once again during mid-summer! The entire West Coast plus Nevada observed their hottest July on record (Fig. 1). Arizona and New Mexico were not as hot due to the Southwest U.S. Wet Monsoon although to the north, The Great Basin and central/north…
Highlight: Mid-to-late August looking wetter. Some erosion of the major drought areas possible heading through autumn. New drought in Nebraska/Kansas? Fig. 1: Current U.S. soil moisture anomalies across the U.S. Observation discussion: D3 and D4 drought classification identifies a long-term drought. Long-term implies at least the next season (90 days) is not…
Southern Europe hot/dry pattern ahead (with drought expansion). Fig. 1: Most recent European Drought Observatory drought analysis for Europe. Fig. 2: GFS 15-day temperature anomaly forecast across Europe. Fig. 3: GFS 15-day percent of normal rainfall forecast across Europe. Discussion: The most recent European Drought Observatory drought analysis reveals the developing summer 2021 drought in…
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