U.S. Medium-range Forecast: Western chill locks-in!

Highlight: Western chill locks-in! Chart of the day: Rainfall shortages across the U.S. Discussion: Strongest rainfall shortages are across northern California where HARSH drought continues. Rainfall deficits are nearly as strong for central and southern California. Many parts of the Southwest are also suffering extreme rainfall shortages. Patchy rainfall deficit areas are located in the…

South America Week 2-4 Outlook: Argentina dryness accelerates.

Charts of the day: This week’s temperature/precipitation anomalies. Discussion: The 7-day forecast across South America according to GFS ENS is still hot over central and southern Argentina soybean areas (and dry) while northern soybeans in Argentina are less hot. Needed rainfall across the Southeast Brazil drought area remains in the forecast. Week-2 Ahead Forecast valid…

CBT Recovering From Overnight Selling Tied to Hot/Dry Argentine/S Brazilian Weather – Flash Drought Risk is High; US HRW Wheat Conditions Decline

AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 AM CBOT Prices: May soybeans are down 4.50 cents at $13.8675, May corn is down 3.75 cents at $5.345 while May Chi wheat is up 4.75 cents at $6.55. AgResource AM CBOT Comment & Analysis: Good Morning! Mixed is CBOT trade this morning with…

U.S. Month 1-3 Outlook: Very warm Central into East. Central states are mostly dry. Needed precipitation expected on West Coast.

Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for March to May 2021 is updated. The outlook is based on a constructed analog coupled with the ENSO regime to produce the most likely climate scenarios for each month. The ENSO regime features a persistent La Nina climate despite some warming of the…