Climate Impact Report: Wet Early June in Brazil Then Drier
Short-term heavy rains in both Argentina and Brazil.
Short-term heavy rains in both Argentina and Brazil.
A FRI/SAT morning freeze for interior Southeast Australia.
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice US and world soybean crush margins are in recovery amid strengthening demand for product amid the Argentine shortfall. The 50% cut in Argentine soybean production has not been felt amid Brazil’s record harvest. However, as Brazilian farmers have slowed cash sales and logistical woes are…
Models Extend Midwest Dryness into June 10; Extended Range Forecasts Grab Attention Moving Forward: The Central US forecast is consistent with prior runs, and the EU and GFS Ensemble solutions are in general agreement that a pattern of well below normal precip stays in place across the Great Lakes into Midwest into June. The GFS…
Brazilian Corn Market Still Reeling; Mato Grosso Harvest Begins in mid June: Brazilian corn prices have fallen to new seasonal lows amid modest weakness in the real next week, and as Brazil’s infrastructure faces another glut of supply as safrinha harvest begins in the central region in the next 2-3 weeks. Brazil’s spot cash corn…
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