Highlight: Comparing CIC/NOAA Summer/TC Outlooks Fig. 1-4: Comparing Climate Impact Company May 17th summer 2021 temperature/precipitation anomaly forecast with yesterday’s NOAA outlook. U.S. summer climate: Comparing the Climate Impact Company and NOAA summer outlook’s (Fig. 1-4) each updated earlier this week have several important differences. The CIC outlook introduces a wet monsoon pattern…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are down 15.25 cents at $15.18, July corn is down 7.00 cents at $6.575 and July Chi wheat is down 6.75 cents at $6.7975. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are lower across…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. That “sucking-sound” in the US Gulf is corn being loading onto a panamax boat heading to China. And it is not just one panamax, but an estimated 168 boats that will be carrying nearly 400 Mil Bu of US corn thru the late spring and…
Midwest Weather Stays Favorable Near-Term; Summer Heat Offered to the Plains and NW Midwest: The EU & GFS models are in better agreement and the two-week outlook is broadly favorable. AgResource mentions that ahead of this weekend’s rain across the Dakotas, drought conditions in North Dakota have been upgraded to exceptional. Severe/extreme drought will remain…
Model Guidance Maintains Pattern Shift in Southern Brazil; Limited Soil Moisture Change Expected Due to Abnormal Warmth: The EU and GFS models remain in agreement with respect to very late season rainfall moving into the southern third of Brazil’s safrinha corn producing region. A pattern of lite but steady rain begins across Parana, Mato Grosso…
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