Highlight: An emerging warmer and drier U.S. pattern. Charts of the day: Building influence of the MJO on the pattern. Discussion: The breakdown of La Nina will allow the Madden Julian oscillation to ease across the equatorial Pacific influencing North America climate while also further decaying La Nina into early April. Forecast models indicate MJO…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Speculative Advice:1/Use close only stop on Long July KC wheat at $5.77 6:30 AM CT CBT Prices: May soybeans are 6 cents higher at $14.235, May corn is up 1.00 cents at $5.50 while May Chi wheat is down 3.00 cents at $6.2425. AgResource Morning…
Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for April to June 2021 is updated. The forecast is based on the influence of regional SSTA patterns on North America climate including neutral ENSO, cool PDO and warm AMO. Highlights include a cool and wet mid-to-late spring in the Northwest States. California is…
AgResource Farm Marketing Fills for Monday: 1/ Wheat Producers: Exit 50% of 2021 hedges (25% of the 2021 crop) at $6.15 basis July Chi wheat futures for a loss. The downside price risk below $6.00 July is limited. The trade cost producers $.16/Bu on 100% of 2021 estimated production. AgResource Farm Marketing Advice for Tuesday:…
Precip Returns to Northern Brazil April 1-5 (Confidence Low); Central Region Stays Arid Indefinitely; The EU & GFS models agree on South American weather into April 5th – and they are consistent with prior output. NOAA’s bias-corrected forecast is also in alignment with model output as a lengthy pattern of dry weather impacts all but…
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