Summary: US ethanol production was unchanged this past week. Ethanol stocks declined slightly . Gasoline consumption was up nearly 5% and was 1% ABOVE what it was in 2019. Futures-based ethanol producer margins on Aug 03 were $0.97/gln, down $0.29 from the previous week. Last week saw the highest ethanol margins have been since December 2016. …
Highlight: Heat shift into the East. Extreme heat risk still in question. Chart of the day: ECM ENS tropical rainfall forecast. Discussion: Preferred is the non-threatening rainfall anomaly forecast by ECM ENS the next 15 days which keeps deep tropics convection confined to southern latitudes. Medium-range 6-10 Day Forecast Valid August 9-13, 2021 Medium-range 11-15…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 4.25 cents at $13.24, Dec corn is down .50 of a cent at $5.5125 with Sept Chi wheat up 5.00 cents a $7.295. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are mixed in thin…
Highlight: -IOD/La Nina spawn a wet and cool climate. Executive Summary: The Climate Impact Company season 1-3 ahead forecast for Australia valid for spring 2021 to autumn 2022 is updated. An evolving La Nina climate is expected. Coupled with an already-developed -IOD pattern which lasts the remainder of 2021 the climate outlooks offer plenty of…
Models grapple with rainfall forecasts for Canadian Prairies to Great Plains. Western Russia/Black Sea gain rainfall; SE Europe/Turkey drought rages on. ECM/GFS differences in South America and Australia. Discussion: Forecast models offer different and important opinions about weather forecasts in key crop areas for each sector of the globe. Highlights include wet and dry differences…
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