Highlight: Wet change in the early May forecast. Charts of the day: Day 1-5/6-10 “most likely” rainfall scenarios. Discussion: Upper trough(s) spawn wet weather risk across Bolivia/Paraguay and into Argentina in the short-term forecast while the Brazil drought zone remains parched. In the 6-10 day period, the mega-cluster ensemble is super-dry. Week-2 Ahead Forecast valid…
Summary: As of Apr 23, China’s “spot” soybean crushing margin is -34 Yuan/MT, down 4 Yuan from a week ago. The “forward” margin is -138 yuan/MT, unchanged from a week ago. The forward margin is also 164 Yuan below what it was a year ago. Domestic soyoil’s price rose 3.5% in the past week. Domestic soymeal price…
Charts of the day: 10-day outlook stays wet! Discussion: The wet weather pattern across southern Europe to Western Russia continues into early May. Week-2 Ahead Forecast valid May 3-9, 2021: Cool/showery. Discussion: The cool/wet upper trough in Western Russia remains. Week-3 Ahead Forecast valid May 10-16, 2021: Europe is warmer. Discussion: Potential for a…
Chart of the day: Rainfall patterns turning drier across China crop areas. Discussion: Departing the cool season China wheat/soybean areas observed generally wetter than normal soil moisture. However, a sharply drier pattern is emerging in April across these crop regions. Week-2 Ahead Forecast valid May 3-9, 2021: Dryness/warmth North-central China. Discussion: Dryness persists…
Chart of the day: Global atmospheric angular momentum could go sharply negative in early May. Discussion: Global atmospheric angular momentum could turn sharply negative according to GFS into early May. During negative phase the jet stream is slower, storms are stronger and slower-moving. Medium-range 6-10 Day Forecast Valid April 28-May 2, 2021 Medium-range 11-15 Day…
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