Highlight: Some rainfall for Argentina and wetter trend in Australia Fig. 1-3: ECM ENS percent of normal precipitation forecast for days 1-15 across South America. Discussion: Over-the-weekend the Argentina rainfall forecast trends wetter. Short-term forecasts remain dry (Fig. 1). However, in the medium-range moist northerly flow combined with at least two cold fronts brings wet…
Highlight: U.S. spring wheat into corn belt dry next 10 days. Black Sea rains. Fig. 1-2: Last week’s percent of normal rainfall across the U.S. and the last May soil moisture anomaly analysis by NOAA. U.S. late May rainfall/soil moisture discussion: Vast drought remains in-place across the Southwest and West U.S. where no rain…
CRB Index The CRB index closed higher on the week as ag and energy markets bounced to a declining US dollar value and rapidly expanding consumer demand. Confidence in budding normality of US life due to accelerated vaccination rates has schools reopening this autumn and sporting events/theme parks coming back online. US daily Covid infection…
CBT futures are lower at midday in a corrective session following Thursday’s sharp rally. US and world importers/domestic end users used the Tuesday/ Wednesday break to add to their forward length while the bulls need adverse weather to push their stance next week. The CBT ends the week with sort of a stalemate with the…
Click here to view the data US corn export inspections could be 1.77 MMT (70 MBU) next week. Ship lineup data indicates that over half of that is destined for China (0.96 MMT – 38 MBU). Based on the pace of inspections the last four weeks, total US May corn inspections are expected to be…
