Climate Impact Report: Great Plains and Argentina Dryness
Impressive heat in the Argentina forecast into mid-January.
AgResoure Sunday Commentary; CBOT Called Higher on Static South American Weather Pattern into Mid January; Less than Feared Rain for the US Plains
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 3-5 cents higher, corn 2-3 cents higher with wheat called 2-4 cents higher. Sunday Weather & CBOT Market Discussion: Opening week CBOT calls are higher on threatening Southern Brazilian and Argentine weather and the arctic cold that battered Plains HRW wheat. CBOT futures sold off into…
Brazil’s Soybean Ship Lineup 3.25 MMT Vs Just 0.28 MMT a Year Ago.
Summary: Brazil shipped 467,000 MT of soybeans this past week (Dec 30). There were no Argentine exports. Soybean exports from the US are estimated to be 1.90 MMT. Brazil’s January exports could be 3.12 MMT. USDA’s projection for total exports is a record 87.0 MMT. “Pace analysis” suggest final exports could be 89.75 MMT. There’s still…
Climate Impact Report: Expanding Drought Concerns in U.S. Heading Toward Q2/2022
Highlight: Expanding drought concerns in U.S. heading toward Q2/2022! Fig. 1: Latest U.S. Evaporative Demand Drought Index (EDDI) analysis identifies extreme ED4 conditions across the West-central U.S. Discussion: According to NOAA/Physical Sciences Laboratory (PSL), “The Evaporative Demand Drought Index (EDDI) is an experimental drought monitoring and early warning guidance tool. It examines how anomalous the…
AgResource Weekend Review
CRB Index The CRB index closed lower on the week as the US dollar continued to rally as the US Central Bank became hawkish on its future interest rate policy inflation. The rise in the US dollar was seen as bearish raw material prices. The monthly CRB chart reflects a neutral to slightly bearish price…
