Climate Impact Report: Resilient Ridge in the Northwest U.S. Continues
The Midwest is dry into early June.
The Midwest is dry into early June.
Looking dry in the 2-4-week outlook across Australia.
AgResource Farm Marketing Advice for Friday: 1/ No new advice Following a US cooler-than-expected consumer price inflation figure on Wednesday, the Producer Price Index inflation rate was at 2.3% versus the average trade estimate of 2.5%. This marked the 5th consecutive month that producer prices increased at a rate that was less than the consumer…
Plains Drought Little Changed; Abnormal Dryness Spreads Further into IA/MO: This week’s drought monitor showed spotty improvement in the TX Panhandle and Central NE, but otherwise Plains drought is unchanged. Moderate to severe drought is present in Western IA and MO. The EU and GFS models remain in agreement that soaking rain impacts TX, W…
Argentine Corn Basis Stabilizes; Quick Bottom Expected Due to Short Crop: Spot fob premiums in Brazil and Argentina have recovered from the lows of late April, with forward basis in Argentine indicated a rather quick recovery once harvest there surpasses 50% complete. Argentina’s fob basis seasonal is attached. Additional weakness is unlikely as production estimate…
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