The March USDA crop report failed to offer any excitement with CBOT futures in decline on liquidation. Historically, the USDA is passive in March due to the more important Stocks/Seeding Report that is due on March 31st. However, this month’s report was ultra-passive with WASDE not making any change to US 2020/21 corn, soybean, or…
Fig. 1-2: Comparing the GFS and ECM precipitation amount forecasts for the March 10-15 storm. The Great Plains early spring storm: The super warm short-term regime across the Great Plains will steadily ease as a cold front moves south and stalls in the central/south Great Plains and northeastward through late week/weekend focusing heavy rain, severe…
Chart of the day: The February 2021 state temperature rankings. Discussion: The U.S. ranked 19th coldest given the 127-year climatology in February 2021. The arctic outbreak during the middle third of the month forced the cold national ranking. Each state in the central and southern Great Plains to Missouri/Arkansas ranked in the top 10 coldest…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 AM CBOT Prices: May soybeans are up 3.75 cents at $14.38, May corn is down 2.25 cents at $5.4475 while May Chi wheat is up 6.50 cents at $6.53. AgResource AM CBOT Comment & Analysis: Good Morning! CBOT futures are mixed ahead of USDA’s…
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