Meteorologists/Traders/Analysts Climate Signals/Forecasts Reference Report Introduction: El Nino southern oscillation (ENSO) is often the most relied upon climate signal to project seasonal climate patterns all around the globe. ENSO is certainly important especially when stronger El Nino or La Nina are present. However, regional sea surface temperature anomaly (SSTA) patterns such as the Pacific decadal…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are down 1.00 cent at $14.14, July corn is down 3.00 cents at $6.5625 and July Chi wheat is up 4.00 cents at $6.655. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT grain futures started Tuesday with…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Seasonal corn plant water use is one of the most widely known charts of corn production. Often, traders forget the water use of the corn plant jumps dramatically from the V6 into silk, milk, and dent stages of maturity. V4 to V6 corn can make…
Central US Growing Conditions Vary Wildly Next 10 Days; Climate Forecasts Maintain Return of Heat in July: The major forecasting models are in broad agreement to the begin the week. Favorably cool temps will blanket the entire Central US into the coming weekend. Additional rainfall of 1-2” impacts Iowa, Missouri and the Eastern Midwest Friday-Saturday.…
World Wheat Market Stays Resilient in Face of Harvest Pressure: The global wheat market has been unwilling to break despite the looming Northern Hemisphere harvest. This year’s harvest across much of the N Hemisphere will be delayed 1-2 weeks amid cool/wet spring conditions. Yet, cash fob markets have moved very little in the last 30…
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