AgResource Ag Investment Trades
U.S. Week 2-4 Outlook: April warmth is mostly in-between the Rockies and the Appalachians.
The latest U.S. week 2-4 forecast is updated.
CBT Takes a Lashing on Pre Report Liquidation as Cash Market Basis Holds;CONAB To Survey Brazilian Wheat Stocks in April; Funds Massive Sellers this AM
Moving to the Orders at Midday: CBOT futures are sharply lower at midday with May corn sliding below $5.35, while May soybeans drop to $13.70 and May Chi wheat to $6.00. Trade volume is moderate which has helped to exacerbate the downward slide as fund managers take off length heading into the end of the…
Australia Bureau of Meteorology Ends La Nina
Discussion: Australia Bureau of Meteorology ended La Nina 2020-21 today. SSTA in the equatorial East Pacific remains marginally cool (Fig. 1) however upper ocean heat to support La Nina’s survival is disappearing fast (Fig. 2). The Australia Bureau of Meteorology ENSO forecast indicates neutral ENSO ahead for the middle third of 2021 (Fig. 3). As…
