AgResource Farm Marketing Advice for Monday: 1/ No new advice. Cooler temps next week look to be just a temporary disruption in an otherwise abnormally warm North American climate pattern. The attached graphic displays the EU model’s June 28-Jul 12 temp anomaly forecast. Even warmer readings are possible in mid/late July. The reasoning is straightforward;…
AgResource Farm Marketing Advice for Friday: No new advice. CBT volatility continues to be astounding with a lack of resting orders and massive fund trading pushing values higher and lower than fundamentals suggest. The high-octane marketplace will defy trade expectations on price into the end of the summer. W Midwest farmers are shocked by today’s…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. The just updated World Weather Bureau forecast for precipitation and temps for the July-August-September timeframe. Notice the high confidence in the forecast of above normal temperatures for the Northern US. Of lower confidence is precipitation, with any lasting dryness pegged across the NW and WC…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. The market this week has shed considerable weather premium based on favorable changes to Midwest 6-15 temp and precip forecasts. However, it’s only mid-June and weather/supply risks remain sizable. In fact, AgResource’s concern over soil moisture and yield potential is the highest since 2012. The…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. Iowa has been shortchanged on rainfall for the 3rd consecutive month. The chart highlights that Iowa has seen just over 4.00” of rainfall – or about half the monthly average including the forecast through June 23rd. Yet, it has been the heat that has elevated…
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