AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are up 9.50 cents at $14.425, May corn is up 8.00 cents at $5.935 while May Chi wheat is up 3.75 cents at $6.5625. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures start the new week…
Highlight: MJO dominates the pattern…Cold this week, wetter 6-10 forecast and turning much warmer West days 11-15. Fig. 1-3: Mega-cluster ensemble North America weather pattern highlights days 1-15 ahead. Discussion: Forecast highlights for this week are focused on the unusual widespread cool-to-cold temperatures focused primarily on the Central U.S. (Fig. 1). Morning low temperatures are…
Drier trend for South America crop regions. Black Sea is a little wetter. Fig. 1-2: Brazil SPI Drought Severity analysis for April 1-10, 2021 and the 12Z GFS rainfall anomaly forecast for days 1-5 across crop areas. South America discussion: The Brazil drought analysis for the first third of April reveals harsh dryness continuing over…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 2-5 cents higher, corn and wheat 2-4 cents higher. Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are higher. Mother Nature and the hefty premiums of the US cash markets are the drivers of the CBOT this week. The forecasts call for ongoing warm/dry weather…
CRB Index The CBR/CCI index closed sharply higher and pushed above key resistance with the next upside price target being the February highs at 196. A push above the 2021 February high will unleash new fund demand amid a sliding US dollar. The US dollar closed lower for the 2nd consecutive week with a test…
