Fig. 1-3: Model rainfall bias days 1-5 for the past 7 days by CMC, ECM and GFS. Discussion: The CMC operational model has mixed verification scores across U.S. spring wheat and U.S. Western Corn Belt (Fig. 1). However, the average skill of the model in these two dry-to-drought regions is favored over the too dry…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. The just updated World Weather Bureau forecast for precipitation and temps for the July-August-September timeframe. Notice the high confidence in the forecast of above normal temperatures for the Northern US. Of lower confidence is precipitation, with any lasting dryness pegged across the NW and WC…
Elevated Uncertainty Over Placement/Coverage of Central US Rainfall into July 1: The major forecasting models are at odds over the placement and intensity of rain in the 6-10 day period, with the GFS favorably wet and the Canadian model concerningly dry into July. The details of the coming pattern will be fine tuned over the…
World Wheat Market Forming Seasonal Lows; Wheat at Discount to Corn for Summer Months: World wheat cash fob prices continue to erode as the N Hemisphere harvest looms. Delayed crop maturity in Europe has pushed harvest back some 1-2 weeks, with peak gathering due in the first half of July. Notice that new crop fob…
AgResource estimates June 1 US corn stocks at 4,034 Mil Bu, down roughly 1.0 billion from last year. US industrial corn use recovered from recent quarters as US consumers returned to their love affair with driving post covid. March-May export shipments are calculated at a record 1,058 Mil Bu. Recall FGIS inspections this year have…
