Climate Impact Report: Moderate Strength Oceanic El Nino; Weaker El Nino Climate
Moderate strength El Nino peaks in January. El Nino climate is weaker and likely to affect DEC/JAN/FEB 2023-24 forecasts.
Moderate strength El Nino peaks in January. El Nino climate is weaker and likely to affect DEC/JAN/FEB 2023-24 forecasts.
Thank you for subscribing to AgResource Weekly Newsletter! In this week’s report, given ongoing threats to Brazilian production, we take a look at combined US, Argentine and Brazilian soybean supply & demand
Wheat Corrects on Lack of Fresh Demand News; EU Export Demand Weak: Wheat futures in Chicago/Paris ended slightly lower. The story is unchanged, with Russia’s cash market stagnant at values well below comparable European origin. ARC’s contacts peg EU export shipments to date down 18-21% from last year, vs. USDA’s projected increase of 7%. The…
CBOT Corn Extends Recovery; Brazilian Climate Pattern Change Unlikely: Corn traded mixed but ended firm. The major forecasting models agree that any improvement in Brazilian weather will be short-lived. Concern over safrinha acreage & yield remains elevated. Even Argentina needs regular rainfall throughout December to boost crop health. Otherwise, export sales on Thursday are likely…
Hog Futures Correct Gains in Quiet Trade: Hog futures closed lower at the end of a narrow – inside day of trade on Tuesday. December and February hogs were both down just over $1, and losses in the rest of the market were less. The CME cash hog index was down $.23 at $76.05 and…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?