Cold US Pattern Lingers into mid-February; Additional Moisture Loss Probable Across Plains: Short-and long-term Central US forecasts maintain a frigid temp pattern beginning this weekend. There’s broad agreement that Midwest temps next week will drop to levels 20-30 degrees below normal, while freezing overnight lows drift as far south as the N. Delta. Abnormal cold…
South American Forecast Offers Heavy Rains for Northern Brazil; Dryness Elsewhere: The EU & GFS models are good agreement, and both are consistent with previous output. A stagnant pattern of soaking rain will linger across Central and Northern Brazil into February 20. Little to no rain is offered to Argentina and far Southern Brazil. The…
AgResource Farm Marketing Advice for Friday: 1/ No new advice. US soybean sales are record large as of the opening days of February at 2,155 Mil Bu. The sales include just over an estimated 37 MMTs of US soybeans to China – also a record. The US needs to sell just 75 Mil Bu to…
Highlight: Cold retreats to Canada followed by warming. Chart of the day: The Gas Population Weight 4-Week HDD Anomaly Forecast/Verification. Discussion: This afternoon’s 6-10 day forecast by the ECMWF indicates a frigid arctic air regime thrust across the North-central and Midwest U.S. Snowfall is featured throughout the northwest Plains, Mid-South and Northeast U.S. Risk of…
CBOT futures are mixed at midday with the soy complex higher while the grains sag. Corn scored a new contract high overnight at $5.58 basis March but retreated after the opening as a rumored 2 MMTs of sale of US corn to China was not announced. As ARC has been reporting, most cash connected traders…
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