Highlight: A 15-day and week 3-4 rainfall assessment across key crop areas. North/west/southwest Great Plains dryness accelerates. Ohio Valley dryness eases. For now, no drought concerns Europe/Western Russia/Black Sea. Brazil drought worsens. Fig. 1-2: U.S. 15-day and week 3-4 (model) precipitation anomalies. The 15-day wet bias is across the East-central U.S. to eastern Oklahoma. Most…
AgResource Farm Marketing Advice for Wednesday:1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are down 15.00 cents at $15.345, May corn is down 5.00 cents at $6.905 while May Chi wheat is down 18.50 cents at $7.155 AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBOT futures are trading sharply lower this…
AgResource Farm Marketing Fills for Tuesday: 1/ Corn Producers: Sold 10% of the 2020 crop with May corn at $7.10. This leaves 10% of the crop to gamble on a Central US drought this summer. 2/ Soybean Producers: Sold 10% of the 2020 crop at $15.95 May soybeans. This leaves 10% of the crop to…
Midwest Turns Wet; Soil Moisture Draws Lie Ahead for Plains: The EU and GFS are in agreement. A wetter pattern begins across the Midwest in the next 48 hours and lingers into the opening week of May. Yet, there will be breaks available for planting while soil moisture will be replenished across the drier areas…
Brazilian Dryness Continues into Mid-May; Cold Temps in Southern Brazil Adds Concern: The Brazilian forecast into mid-May is consistent with prior runs. Complete dryness will persist in all major safrinha corn producing regions into May 5th. Meaningful precip thereafter will be confined to RGDS and Southern Parana. And a new threat has emerged in the…
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