Administration: Out of office Friday March 5th. Charts of the day: Day-15 most likely/caveat upper air projection. Discussion: The most likely day-15 upper air forecast according to the mega-cluster ensemble indicates an upper trough in the West and ridge pattern in the East. The “caveat” forecast is a chilly upper trough in the Northeast. The…
Highlight: Tracking Europe/Western Russia and Australia soil moisture. Fig. 1-4: Europe and Australia daily soil moisture anomaly analysis and 15-day precipitation anomaly outlook. Discussion: Soil moisture concerns across Europe and Western Russia heading toward spring identify two dry-to-drought areas – one in Germany and a second across Southwest Russia (Fig. 1). Elsewhere soil moisture…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. 6:30 AM CBOT Prices: May soybeans are up 4.50 cents at $14.125, May corn is unchanged at $5.3525 while May Chi wheat is down .50 of a cent at $6.555. AgResource AM CBOT Comment & Analysis: Good Morning! Mixed and dull is the overnight trade…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. China’s Yuan continues to appreciate which is increasing their purchasing power of ag products/raw materials. The chart reflects that the next upside price target rests at 6.25:1 which should be reached by the middle of the year. China is allowing its Yuan to appreciate without…
Flash Drought To Extend in Argentina; Brazil Stays Wet; Pattern Change Unlikley into Late March: The South American forecast0 is consistent with prior runs and solid model agreement is noted. Above normal precip will be ongoing across Central and Northern Brazil. Little/no precip is offered to Argentina into March 12th. Brazilian harvest delays and soybean…
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