Highlight: La Nina likely to continue (and not dissipate as indicated by NOAA). Discussion: The DEC/JAN 2020-21 multivariate ENSO index (MEI) was -1.2 which is considered a moderate-to-strong La Nina reaction by the atmosphere to the equatorial cooling (La Nina) waters in the East Pacific. A second indicator of the atmospheric response to the cooling…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. CBOT soybeans have led a recovery in row crop values while US wheat futures trade steady to slightly lower. CONAB’s failure to raise Brazilian soy production above 135 MMTs is noted, and US weekly export sales exceeded expectations. There’s still no concrete evidence that US…
Highlight: BRZ/ARG Soybeans Encounter Different Rainfall Patterns The Next 15 Days. West Europe Chill Eases Next Week. Fig. 1-4: The ECM ENS percent of normal rainfall for days 1-5, days 6-10, days 11-15 and the days 1-15 composite. South America discussion: Presence of an upper trough is mostly across eastern South America the next 10+…
Highlight: Bitter cold days 6-10; somewhat warmer by Mar. 1. Charts of the day: GFS and ECM 7-day snowfall forecasts. Discussion: The 7-day snowfall forecast by the GFS and ECM (models) identifies the potent storm track ahead. Southern Great Plains/Texas snows occur with the arctic air arrival early next week. Snows spread from there to…
