AgResource LATAM, Dec 1
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Climate Impact Report: Madden Julian Oscillation Erupts!
The MJO comes alive across Indonesia heading for the West Pacific.
Climate Impact Report: Wettest Australia Spring Since 2010
Fig. 1-4: The springtime 2021 temperature anomalies and precipitation rankings across Australia compared to the Climate Impact Company forecast. Australia spring review: The Australian spring was warmer than normal across the north/northeast continent and marginally cool interior New South Wales and interior Western Australia. The Australian analysis is compared to the 1961-1990 normal (Fig.…
AgResource Mid-Day Commentary: Row Crops Lead Recovery; More Attention Being Paid to South Am Weather
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. CBT ag futures are steady to higher at midday as energy and equity prices find stability. Corn and soy have led the advance as short- and long-term weather outlooks in Argentina and southern Brazil turn worrisomely dry. Weekly EIA energy data was somewhat dull…
Ethanol Production Down But Stocks Higher. Ethanol Producer Margins Rise 13 Cents Gln This Past Week.
Summary: US ethanol production dropped 4.1% from the previous week. Ethanol stocks rose 0.7%. Gasoline consumption dropped 5.6% and was down 3% from 2019 (Pre-Pandemic). Ethanol producer margins were $0.73/gln, up over 13 cents from the previous week. Blender margins were –1.30 cent/gln, down 1.30 of a cent from last week. EPA missed the deadline for announcing the…
