BRL Real – Spot 1 USD = R$ 5,06 ARG Peso – Spot 1 USD = $ 239,46 Conditions and production potential of Brazilian second corn crop Brazil is gearing up for a potentially record second corn harvest, leading to an expected surge in overall corn production. AgResource indicates that the total corn crop…
A busier North Atlantic tropical cyclone season than initially projected.
AgResource Farm Marketing Advice for Friday: 1/ No new advice The USDA’s quarterly update on US food expenditures showed another stunning increase in the volume of dollars spent on food away from home. Compared to a year ago, US consumers increased their spending in March by 12% from a year ago to a record high…
EU & GFS Models Remain at Odds in 6-15 Day Period; Risk of Midwest Drought Expansion Intact: The arrival of abnormal dryness/drought to the Midwest has been made more complicated by a lack of model agreement beyond early next week. The GFS projects milder temps and regional rainfall across the mid-South and Midwest June 10-16.…
Aussie Met Bureau Confident in Dry Winter, Spring: The attached graphic shows the Australian Bureau of Meteorology’s Jun-Aug precip outlook, and confidence is low that median rainfall will be exceeded over the next 90s days. Western Australia, South Australia and parts of New South Wales are targeted with meaningful drying, and while it’s Aug-Oct weather…
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