Highlight: Northern Great Plains/Upper Midwest U.S. brace for winter-chill. Europe flips cold again next week. Hot/dry Australia and Argentina. Fig. 1-4: Mega-cluster ensemble indicates cold risk generates across the northern U.S. in the medium-range. GFS ENS indicates <0 risk into the northern Great Plains during the medium-range. North America discussion: Snow cover is more…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 2 cents higher to 2 cents lower, corn steady to 2 cents lower with wheat called 1 cent lower to 2 cents higher. Sunday Weather & CBOT Market Discussion: Opening week CBOT calls are mixed. The South American weather forecast has a tad more rain than…
Summary: Last week Brazil exported 591,000 MT of corn. Argentine exports were 427,000 MT. Shipments from Ukraine are estimated to be 675,000 MT. US corn exports are estimated to be 875,000 MT. Brazil’s total corn export “commitments” are 18.92 MMT vs 33.03 MMT last year, up 370,000 MT for the week. Commitments have accounted for…
TRYING to Explain the December 10, 2021 Severe Weather Outbreak Fig. 1: Solid red lines represent the Significant Tornado Parameter at 11PM CST Friday evening December 10, 2021. Values of +4 to +5 were measured. Values of >1 = risk of stronger than F1 tornadoes. Discussion: A severe weather meteorological index known as “significant tornado…
CRB Index The CRB index closed higher on the week as energy values recovered on seasonal demand amid the news that a new Covid variant was weaker than the prevailing Delta variant. This returned Investor confidence in the reflation trade. The US dollar rallied on safe-haven buying, but a top could be forming with profit…
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