Highlight: Looking for the hot West pattern to shift to the Central U.S. Charts of the day: The 7-day temperature/precipitation anomaly forecast. Discussion: An upper trough sustains a wet pattern in Texas. The upper trough provides enough wind shear to push Elsa east of Florida. New England is wet and cool. The West/Northwest U.S. into…
CBT futures are correcting early morning gains on windfall profit taking. The morning selling is occurring as the bulls accept of windfall gains following Wednesday’s NASS USDA Report. The coming 3-day weekend and uncertainty of US weather which includes a tropical storm has pushed the bulls into taking some risk off the table. ARC expects…
July: Power markets California and PJM surge! ERCOT adjusted hotter. Western Corn Belt drought worsens. August: Significant TC into Texas/Louisiana. Western heat/dryness continues…Historic fire season underway. Hot/humid East Coast. September: Widespread late summer heat. Low confidence wet Northwest/dry Southeast forecasts. Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for JUL/AUG/SEP 2021 is…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CT CBT Prices: Nov soybeans are up 10.00 cents at $14.09, Dec corn is up 13.50 cents at $6.03 and Sept Chi wheat is up .50 of a cent at $6.80. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT grains futures are…
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