Charts of the day: GFS dramatics! Discussion: The last two models runs of the GFS for days 11-15 indicate a cross-polar (from Siberia) arctic outbreak for the U.S. Medium-range 6-10 Day Forecast Valid February 2-6, 2021 Medium-range 11-15 Day Forecast Valid February 7-11, 2021 Discussion: All eyes are on the 11-15 day forecast due to…
Summary: As of Jan 28, China’s “spot” soybean crushing margin was 299 Yuan/MT, down 68 Yuan from a week ago. The “forward” margin was 295 yuan/MT, down 74 Yuan. However, the forward margin is 209 Yuan above what it was a year ago. Domestic soyoil’s price rose 2.0% in the past week. Three weeks ago soyoil…
Highlight: Following the CFS V2 (best model) through February. Brazil dryness and heat. On-and-off Argentina rains. Charts of the day: Early February pattern across South America. Discussion: Brazil dryness and attendant anomalous heat will strengthen Brazil drought most prominent in east/northeast Brazil now. Drought conditions are likely to expand. The wet zone remains northern Argentina,…
Highlight: CFS V2 model is best projecting weekly climate across Europe. Why? Warm SSTA northwest North Atlantic/cool SSTA west of Europe fuels persistent Western Europe trough. Charts of the day: This week across Europe. Discussion: A persistent trough along the western shores of Europe maintains an intense storm track bringing heavy precipitation to France. Farther…
A drier trend for Queensland the next 2 weeks.
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