** S Buenos Aires in dry trend; Otherwise South American Forecast Favorable: The forecast is a bit drier in southern Buenos Aires, but other changes are lacking. ARC mentions that additional rainfall worth .80-2.00” fell across Cordoba, La Pampa and northern Buenos Aires overnight. Crop issues in South America are isolated. Lite to moderate rain…
** Needed Weekend Rain Aids Southern Brazil: The graphic below shows 3-day precip accumulation across Argentina and Southern Brazil. It was another wet weekend in Cordoba in Argentina, while rainfall across the southern third of Brazil met expectations. Totals of .90-3.50” were recorded across RGDS, Parana and much of Sao Paulo on Sunday. South American…
The USDA’s highly anticipated January reports have come and gone without much market fanfare. This morning’s releases featured a flood of updates – including changes to 2018/19 corn and soy production and stocks – yet 2019/20 balance sheets were adjusted only slightly. Amid ongoing favorable South American weather, a new threat to US and world…
** Argentine Crop Responds to Recent Precip; South American Weather Stays Non-Threatening into late January: The major forecasting models are wetter in northern Buenos Aires this weekend but otherwise the South American forecast is unchanged into late January. High pressure Ridging aloft Center-East Brazil will funnel meaningful Brazilian rain into southern areas Mato Grosso do…
** South American Forecast Wetter in Argentina; Excessive Heat Absent Next Two Weeks: The EU/GFS models are a bit wetter in Cordoba in Argentina and have expanded moderate rainfall to include Northern Buenos Aires. Otherwise, the South American climate pattern into late January is generally favorable. Decent rainfall of .75-1.25” fell across Parana in Southern…
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