AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: Take profits on long May corn futures at $6.61 for a gain of $2.445/Bu on 40% of the 2020 crop ** Filled on the opening. CBT grain futures are sharply higher at midday with corn, soybean, soyoil, and wheat futures posting new contract highs. Corn is…
Highlight: An update on solar cycle 25 forecast. Fig. 1: NASA analysis of the current sunspot number and forecast of the next solar maxima (likely in 2025). The historical average sunspot number for solar maxima is annotated on the right. Discussion: According to NASA, solar cycle 25 began last September as solar minima ending the…
Highlight: Cool Europe trough through first third of May. Chart of the day: ECMWF is wet Southwest Europe to Western Russia. Discussion: A persistent wet fetch continues in the ECMWF 7-day rainfall forecast across Spain and southern France to Western Russia. ECMWF forecasts 1-2 in. of rain in this zone this week into next weekend.…
Chart of the day: ECMWF shifts wet pattern to China coast; crop areas dry. Discussion: Departing the cold season interior China soils were wet while southeastern China encountered drought. The pattern is changing. The China crop areas are now steadily drier and wet weather is shifting to the coast. Week-2 Ahead Forecast valid May 3-9,…
Highlight: Brazilian drought continues/worsens. Charts of the day: ECMWF is dry across BRZ/ARG crop areas. Discussion: The ECMWF 7-day rainfall forecast identifies a wet pattern associated with the east-shifting Madden Julian oscillation into the equatorial Atlantic across northern continent. However, south of this wet pattern the atmosphere is in subsidence mode and the Brazil/Argentina crop…
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