South America Week 2-4 Outlook: Wet Brazil/Dry Argentina in the outlook.
A wetter transition for Brazil is ahead.
USDA Jan Crop Report & South American Weather to Dominate CBOT into the Weekend; China Corn at Record High
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Exit 25% of 2021 wheat hedges basis July Chi futures at $5.86. 6:30 AM CBOT Prices: March soybeans are up 14.25 cents to $13.695, Mar corn is up 2.75 cents at $4.9675 while March Chi wheat is up 1.50 cents at $6.4475. AgResource AM CBOT…
U.S. Week 2-4 Outlook: Some winter weather ahead. Cold risk retreats early February.
Highlight: Some winter weather ahead. Cold risk retreats early February. Charts of the day: Most likely day-10/day-15 upper air forecast. Discussion: The mega-cluster ensemble most likely upper air forecast for day-10 is made with low confidence and features an amplified Greenland blocking high pressure ridge with compensating chilly/stormy upper trough(s) in the Missouri Valley to…
AgResource Farm Marketing Advice
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Exit 25% of 2021 Wheat Hedges basis July Chi futures at $5.86. ARC feels uncomfortable with being 50% sold as the 2021 Russian wheat crop suffers under a drought. USDA analysts are deriving their forecasts of South American crops as of January 1st. The attached map…
AgResource South American Weather Discussion
GFS Trends Drier in South America; Model Agreement Improving: The EU and GFS are in better agreement on 10-day precip accumulation in South America. The attached graphic reflects the midday GFS change in 10-day precip (with needed rain have been stripped from Central Argentina and Central Brazil). Worsening drought in Argentina and far Southern Brazil…
