AgResource Mid-Day Commentary; USDA December Report Lacked Statistical Surprises; Now a Waiting Game into December; Will World Wheat Importers Buy the Break?

All Members, Midday Commentary

The USDA December Crop Report was broadly neutral with WASDE deciding to wait until January to make any hard statistical decisions. WASDE held US 2021/22 corn & soybean end stocks steady at 1,493 Mil and 340 Mil Bu, respectfully. WADSE cut 2021/22 US wheat exports by 20 Mil Bu (as expected) and imports by 5…

Climate Impact Report: Northern Hemisphere November 2021 Snow Cover. Update on South America Rainfall.

Climate Impact

Highlight: Northern hemisphere snow cover analysis and a check on South America rainfall. Fig. 1-3: The North America, Eurasian and Northern Hemisphere snow cover and ranking (of 56 years) for November from the Rutgers Snow Laboratory. Snow cover discussion: The November 2021 snow cover analysis by the Rutgers Snow Laboratory is complete. The data indicate…