Early AG Market Weather/Climate Wire: Classic +PSA pattern dominates southern hemisphere climate.

Highlight: Classic +PSA pattern dominates southern hemisphere climate. Fig. 1: Typical placement of high-pressure systems in the southern hemisphere during the positive phase Pacific South America pattern. Schematic based on research by Damien Irving and Ian Simmonds published in Journal of Climate. Trader learning point: In response to a moderate-strength La Nina, the southern hemisphere…

Better Rains for Argentina/S Brazil Next Week; Brazilian Paranagua Soybean Paper Bid 25 cents under Chicago; Paris wheat against Monthly Resistance

AgResource Farm Marketing Advice for Thursday: 1/ Soybean Producers: We are net long 100% of the 2020 soybean crop through a 20% cash long and 80% futures repurchase. Take profits on 40% in May futures at $14.40. ** New Speculative Advice: 1/ Exit 2 futures contracts of May soybeans at $14.40 or better. 6:30 AM…

A Climate Outlook For The Western U.S.: Drought to expand.

Highlight: Washington is likely snowier than normal during early-to-middle spring. Otherwise, dryness dominates. Increasing anomalous warm-to-hot risk later spring into summer. A widening Western U.S. drought is expected this year. Executive discussion: The Climate Impact Company monthly depiction of expected temperature and precipitation regimes for March through July 2021is issued. The forecast is based primarily…