Climate Impact Report: Southern U.S. trend is drier/Uruguay and vicinity are drier for Q1/2023.
The latest 3-month global soil moisture trend and 3-month forecast.
The latest 3-month global soil moisture trend and 3-month forecast.
AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Sell 20% of the estimated 2022 corn crop at $6.79 basis March corn futures for early 2023 delivery. If filled, 2022 corn sales would be pushed 80%. 2/ Wheat Producers: Sell another 20% of the 2022 wheat crop if March Chi wheat reaches $8.79. If filled,…
If the current two-week forecast verifies, Nov 1-Dec 20 precip in Argentina will total just 20-60% of normal. Precip in the northeast production region will exist in a meager range of 20-40% of normal. A moderation in Argentine temps is likely in the 6-15 day period, but high readings in the upper 80s/90s will stay…
Models Trend Drier in Argentina; No Weather Issues for Brazil: Model guidance in Argentina beyond 5-7 days has struggled. Weekend forecasts were wet. The EU, GFS, and Canadian models this evening agree that a lasting period of heat and dryness is probable in Argentina into December 18-20th. The need for rain is immediate with max…
AgResource projects a modest boost in old crop exporter stocks and stocks/use as Russian production is increased and total world trade is trimmed. ARC’s updated 22/23 exporter wheat stocks estimate is 57.4 MMTs, vs. USDA’s projected 55.6 and vs. 59.3 MMTs in 21/22. Still, the exporter wheat balance sheet will tighten. Lower production and stocks…
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