AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT futures are wildly mixed at midday, with wheat and old crop corn & soy down sharply, while new crop contracts maintain modest gains. Profit taking ahead of a 3-day weekend is noted, particularly following fund buying corn & beans on Wednesday of 32-35,000 contracts.…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are up 5.00 cents $14.4175, May corn is up 14.0 cents at $5.7825 while May Chi wheat is down 1.75 cents at $6.1625. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBOT ag markets this AM are mixed…
Highlight: Decelerating warmth. Chart of the day: Global SSTA Check. Discussion: Government climate forecast centers are ending La Nina during Q2 of 2021 and Australia’s Bureau of Meteorology shut-down La Nina yesterday. However, trade winds have suddenly increased off northwest South America up-welling cool waters which are shifting westward therefore La Nina appears to be…
Highlight: Cold burst follows departing East Coast storm. Pattern goes quiet. Fig. 1: Latest NOAA/NWS weather watch, warning and advisory areas. Short-term high impact weather discussion: The Tennessee Valley is the target for harsh weather despite the departing heavy rains. A widespread hard freeze is forecast for central Tennessee each of the next 3 mornings…
Highlight: -IOD pattern ahead. Argentina wet days 6-10. Fig. 1-2: The Australia Bureau of Meteorology is forecasting negative Indian Ocean Dipole developing during southern hemisphere winter. Typically, -IOD climate produces wetter than normal climate across west and south Australia. -IOD ahead: The Australia Bureau of Meteorology is forecasting negative Indian Ocean Dipole to develop for…
