Archive for August, 2007

Will next year’s weather support sugar expectations?

One of the reasons that the high expectations for the 2006/07 crop are being verified has been the favorable July weather pattern experienced both in Brazil and India.  Throughout the primary cane regions in both countries, July 2007 temperatures were cooler and rainfall totals were much wetter than normal, which has been beneficial for production.  [...]

Weather helping soften corn & soybean futures

We expect a warmer week this week vs. the same week last year in both the Eastern and Western corn and soy belts; however, the average temperatures across the region will range in the mid 70s to low 80s, which will be good weather at this stage in the growing season. Corn and soybean futures [...]

Good weather for sugar continues in Brazil and India

Weather in Centre-South Brazil will be slightly dry for the week as a stationary high pressure system is centered over Sao Paulo and Parana. The ridge will keep the region warm for the next few days, then we should expect to see temperatures start to drop over the weekend. As the trough starts [...]

Traders watching Tropical Depression #4

While it is still early, traders will start paying more attention to the tropical depression (TD4), which is currently about 1580 miles east of the Lesser Antilles Islands.  So far, the 2007 season hasn’t provided any real reason for energy traders to be concerned, but expect more activity around this one over the next few [...]

World sugar futures open lower

World Sugar futures continue to slide as more good news on the supply side continues to support strong numbers in Brazil, India and Thailand.  Weather has been favorable in these origins, and the outlook over the next two weeks is positive for developing cane.  Centre-South Brazil will have small but steadily increasing weekly rainfall totals [...]

USDA crop report – August 10

The National Agricultural Statistics Service (NASS, of USDA) issued their Crop Production report this morning, and it should be NO SURPRISE to those reading the Weather Trends discussions that corn production and yield expectations are up, and soybean and cotton expectations are down vs. last year.  While final numbers will surely vary, NASS estimates that [...]