AgResource Farm Marketing Advice for Friday: 1/ Corn & Soybean Producers; Write cash basis contracts and deliver the grain for the last 10% of the 2020 corn/soybean crops that we held as gambling stocks on a ’21 summer drought. ARC will use August rallies to lock down the flat price against Chicago. 6:30 CT CBT…
Chart of the day: Medium-range excessive heat risk. Discussion: The NOAA/CPC excessive heat forecast during the medium-range targets the Southwest to Upper Midwest U.S. Medium-range 6-10 Day Forecast Valid August 4-8, 2021 Medium-range 11-15 Day Forecast Valid August 9-13, 2021 Discussion: Today’s GFS ENS identifies a re-emerging heat wave in central North America in the…
Highlight: More trouble ahead…Super-heat to march back into the North-central U.S. Forecast trends much drier! Fig. 1-3: Mega-cluster ensemble identifies the North America temperature pattern through the next 15 days. Discussion: The mega-cluster ensemble identifies the North America temperature anomaly pattern into mid-August. The current heat wave has caused crop difficulties in the Great Plains…
Highlight: Agriculture Powerhouse Brazil Slammed With Historic Snow, Ice and Freeze! Fig. 1: Yesterday was the coldest day of the outbreak but Friday morning lows are still in the -1C to -5C range in Southeast Brazil. Discussion: For many folks in Southeast Brazil a first-time experience witnessing snow and ice occurred on Thursday as a…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. July and early August weather is vastly more stressful than 2020 across the Central US. Extreme heat and 3 weeks of below to much below normal rainfall has pushed crops to the soil moisture wall. Next week’s rainfall is critical or crop conditions/yield potential will…
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