Fig. 1: The 12-week Nino region SSTA observations. Discussion: Last week, the Nino SSTA regions turned cooler are generally around -1.0C which represents moderate-strength La Nina (Fig. 1). Last week marked the coldest signature of all Nino SSTA regions since the restart of La Nina in early October. Interestingly, the upper ocean heat anomalies were…
Climate Signals Chart Days 6-10 Days 11-15 Arctic Oscillation Weak Negative Positive North Atlantic Oscillation Negative Weak Positive Pacific North America Strong Positive Weak Negative West Pacific Oscillation Neutral Neutral East Pacific Oscillation Positive Weak Positive Madden Julian Oscillation Indonesia Across Pacific Asia/Bering/N.A. Weak Positive Neutral Stratosphere Neutral Neutral Climate signals discussion: Madden Julian…
Highlight: Heavy rain event Southeast Australia, dry in the Great Plains and ample rainfall for South America. Fig. 1: Morning weather satellite view of Australia. Australia discussion: Moderate-strength low-pressure area off the southwest coast of Australia (Fig. 1) will shift eastward slowly this week. An attendant cold front is dragged into East Australia focusing showers…
This week’s rains in Eastern Australia could result in about 6 MMT of the wheat crop being downgraded to “feed”. In a normal year, about 2 MMT grades as feed. USDA projects a crop of 31.5 MMT Vs. last year’s record 33 MMT. However, some analysts had been expecting a crop of around 35 MMT. …
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 CT CBT Prices: January soybeans are up 2.00 cents at $12.6525, Dec corn is up 3.50 cents at $5.7435 with Dec Chi wheat up 17.25 cents at $8.4025. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBOT futures are higher to start the week…
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