Fig. 1: The 12-week Nino SSTA observations indicate weakening La Nina. Discussion: The Nino SSTA regions are (now) showing an obvious warming/weakening during late January (Fig. 1). The weakening La Nina signature is likely related to emergence of the convection phase of the Madden Julian oscillation (MJO) near the Dateline in late January. The Nino34…
Summary: Brazil shipped NO soybeans last week. Similarly, Argentine exports were “zero”. US export inspections were 1.79 MMT. There was 1 vessel scheduled to depart from Paranagua over the weekend. Total January soybeans exports were just 93,000 MT. However, there was were a record 9.55 MMT in the lineup scheduled to ship new-crop soybeans. In…
CBOT futures are lower at midday as China did not show up as securing additional US corn which left the market in profit taking mode. Corn, soy and wheat futures have retreated as bulls need to be fed every day and the market was in need of a correction (following last week’s gain). The bears…
Fig. 1: ECMWF morning low temperature forecast for February 7, 2021. U.S. chill: A cross-polar trajectory (from Eurasia) of arctic air surges into North America early this weekend and races into the U.S. by the morning of Feb. 7. South-central Canada tumbles to -35F and the zero line reaches Omaha, NE (Fig. 1). The following…
Chart of the day: Chicago cold risk. Discussion: The peak of cold during the upcoming arctic outbreak in Chicago occurs February 7-8. The coldest daytime temperature risk is -2F and coldest night time risk is -19F. Medium-range 6-10 Day Forecast Valid February 6-10, 2021 Medium-range 11-15 Day Forecast Valid February 11-15, 2021 Discussion: Sprawling cold…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
