AgResource Analysis of the May WASDE Report
Old crop major exporter corn stocks/use was lowered to 7.4%, vs. 7.9% previously. Notice this this rivals the levels of 2011-2012 and validates current spot futures and cash prices. New crop exporter production, assuming normal weather and sizable seeding expansion in Brazil, is pegged at a record 665 million tons, up 31 on last year.…
AgResource LATAM, May 12
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MJO Induces U.S. Weather Extremes Ahead
Fig. 1-3: Upper air pattern for days 1-5, days 6-10 and days 11-15 identify the influence of a pulse of MJO energy on the pattern. Discussion: A cool upper trough across the East will depart this weekend (Fig. 1). During this process southern Canada turns warmer to the south of the polar vortex. ENSO is…