Climate Impact Report: Current Global Drought Areas; 2-Week Highlights
Identifying current global drought areas using standardized precipitation index.
AgResource Weekend Review; CBOT Called Lower on Argy Rain Potential; US/EU Banking Worry Persists; Each Side Talks Corridor Extension Length
Sunday Pre-Opening CBOT Calls Are: Soybeans 3-6.00 cents lower, corn 1.00-3.00 cents lower with wheat called 4-6.00 cents lower. AgResource Week Ahead Weather and Market Discussion: CBOT futures are called lower as Ukraine//UN offerd that the Ukraine Grain Export Corridor has been extended for 120 days amid improved rain chances across Argentina, and the expectation…
US Corn Export Inspections Could Be 620,000 MT (24 MBU). March Census Exports Could Be 4.47 MMT (176 MBU).
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 534,000 MT (21 MBU). That is down 32% from the previous week. Monday’s export inspections could be 1.22 MMT (48 MBU). That would be up 36% from the previous week and a 37-week high. There were 27 vessels to-be-nominated (TBN). That’s up 2 from…
Climate Impact Report: Damaging (to Crops) Southeast Freeze; -PNA Pattern Locks West/Central Chill
MJO shift through the America longitudes is responsible for delivering a harsh Southeast U.S. freeze.
