Fig. 1: Weather satellite view of South America this morning. Note the cold front entering Argentina. This system moves northeast and triggers heavy rain for northeast Argentina beginning later today. Strong cold front into Argentina: The morning satellite view reveals lingering heavy thunderstorms from yesterday’s thunderstorm activity along the Mato Grosso/Mato Grosso Do Sul border…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 1 cent lower to 3 cents higher, corn steady to 1 cent lower with wheat steady to 2 cents lower. Weekend Weather and CBOT Market Discussion: Opening week CBOT calls are mixed with the USDA January Crop Report due Tuesday. The January report is the most important…
Commodity Index The CBR/CCI index pushed to its highest price since 2015 with the rise above $461.00 during the 1st week of 2021. The prospect of a new stimulus package from the Democrats along with an expansion of pandemic vaccinations is allowing for growing confidence of an expanding economic recovery – and greater demand for…
Executive Summary: The Climate Impact Company season 1-3 ahead forecast for The United States valid for February 2021 plus meteorological spring, summer and autumn 2021 is issued. The forecast is based on a combination of regional SSTA-based constructed analog and model output from ECMWF. Forecast highlights include: Significant snow to end the cold season in…
Highlight: South America Update Current: Heavy thunderstorms are present in western Para. A second area of less intense rain is stretched north-to-south just east of Parana, ARG. Elsewhere ALL CLEAR. Best (model) initialization is by the ECM Excellent ARG, poor BRZ; GFS is poor). Largest WX feature in the (ECM) 5-day forecast is a cold…
