AgResource Weekly Newsletter, Apr 25
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report, we take a look at combined global corn, soybean and wheat stocks/use and changes expected in 2023/24.
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report, we take a look at combined global corn, soybean and wheat stocks/use and changes expected in 2023/24.
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. The latest update to the Case Shiller House Price Index showed a fractional uptick in February, with the index gaining 0.1% from January…
Radar Maps Confirm Beginning of Near-Term Wet Pattern in Southern Plains; Hint of Warming Temps Beyond May 5: The Central US forecast is broadly consistent with prior runs in that needed soaking rain lingers in the southern and western Plains over the next 48 hours. Cool temps blanket the US Ag Belt over the next…
El Nino Outlooks Intensify During Summer & Autumn Months: ENSO forecasts in recent weeks have on the margin raised the odds and intensity of equatorial Pacific Ocean temps beginning in early summer. The attached graphic shows the latest plume of model forecasts, and there’s general agreement that a rather intense El Nino lies ahead. Should…
The corn market forged a long-term top 1 year ago this week, while a soybean top was reached in the early weeks of June. Since then, markets have worked lower. New crop prices have largely been a function of the nearby prices and this week are at the lower end of long-term trading ranges. The…
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