Climate Impact Report: North America Week 2-4 Outlook
Big pattern change ahead in the East.
Big pattern change ahead in the East.
Heavy rain West Coast next week otherwise a drier climate prevails.
Wet next week Northeast Argentina; drier week 3 and 4.
Corn Market Rallies China demand talk and N Brazilian rainfall Worry. Short covering resumed to start the week as input becomes more two-sided. Ukrainian corn is cheap, but planting will be challenged as farm labor is lost to war. Bearish sentiment is being is being pared amid worrisome weather in N Brazil into mid-March and…
World Wheat Markets Recovery Despite Sinking Russian Cash Prices: World wheat markets ended higher on reports Ukraine’s military is beginning to conscript farm labor, which further curtails forward production potential, and as weather patterns are less than ideal. A lengthy period of warmth/dryness is advertised in the US Plains. Fire has ravaged an estimated 1.1-1.3…
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