Climate Impact Report: Stormy next week in the U.S.
Blizzards and severe thunderstorms next week!
Blizzards and severe thunderstorms next week!
Brazilian Outlook Stays Favorable; Argentine Temps Moderate but Drought Expands Next Two Weeks: The EU/GFS models are broadly consistent with previous output. Normal/near-normal rainfall across Central and Northern Brazil will ease pockets of dryness there over time, and it remains that Brazil avoids excessive heat into Dec 22. The Argentine outlook is worrisome as extreme…
AgResource Farm Marketing Fills for Wednesday: 1/ Farm Fuel Needs: Covered all fuel needs through June (spring planting) in today’s cash fuel market. AgResource Farm Marketing Advice for Thursday: 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…
Rapeseed/Canola Joins Soy Rally on Lower Canadian Production: The global rapeseed/canola market has extended its post-Stats Can rally amid strength in meal markets and as another year of tight rapeseed stocks/use lies ahead. Spot Canola since last Thursday has rallied a quick 4%. Seasonal trends are broadly positive into spring. Canola isn’t as exposed to…
CBOT Corn Recovers from Oversold Tech Level; Argentine Forecast Concerning But Demand Lackluster:CBOT corn futures ended 4-5 cents higher amid surging wheat & soy markets and as model guidance extends a pattern of troubling dryness in Argentina into Dec 22. Low soil moisture demands a major pattern shift by early January to obtain trend yields.…
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