AgResource Farm Marketing Advice for Friday: 1/ No new advice Food inflation in 2022 averaged 9.9% in 2022 which was the highest since 1979. The peak was reached in August at 11.4% and monthly food inflation figures have been trending lower. The inflation rate fell to a 15-month low in April of 7.7%, though the…
Still No North American Pattern Change Indicated into June 8th: The EU and GFS models are in general agreement on Central US rainfall over the next two weeks but differ on temperatures beyond then next 9-10 days. The GFS allows cooler readings to return to the E Plains and Midwest. The EU and Canadian models…
Equatorial Ocean Temps Reach El Nino Threshold; Strong Event Due in late Summer/Autumn: Record Ocean temps, including a rather strong El Nino event, will be a major driver the global climate in 2023. The attached graphic shows the history of temperature deviations where El Nino/La Nina is determined and includes the CFS model’s latest median…
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