Executive Summary: The Climate Impact Company month 1-3 ahead outlook for August through October 2021 indicates the most likely position for a warm-to-hot and dry high-pressure ridge is across West/Southwest Russia for August into September followed by a pattern changing chilly upper trough in October. Drying soils across Western Russia but mostly north of the…
Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for August to October 2021 is updated. Heading into the later stages of summer 2021, the primary issues are drought concerns in Western Russia (please see the Russia month 1-3 outlook for more details) while drought risk for Europe is unlikely. The prevailing soil…
CBT futures are sharply lower at midday with funds massive sellers on liquidation. Midday price direction has been student body-left and student body-right – or basically momentum. The market was unable to garner any rally early this week on threatening Central US weather and the bears sensed a chance to produce liquidation. Fund selling ensued…
Summary: USDA is projecting this year’s Russian wheat yield will be 2.93 MT/HA (43.6 Bu/Ac). That’s down less than 1% from the previous projection and down 1.7% from last year. The record yield is 3.11 MT/HA (46.24 Bu/Ac). The most recent Russian harvest report shows this year’s yields are about the same as last year at this time. Recently,…
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