Author: Michael Ferrari, PhD
VP, Applied Technology & Research
On Tuesday, the USDA issued their 2009 crop production summary report for the primary commercial US crops. As readers of Weather Trends crop reports are aware, we discuss our US agricultural outlook in our weekly reports in terms of the 18 major producing states for both corn and [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The maps below show the two week US minimum temperature forecast vs. normal , generated by Weather Trends International, for this time of year. The El Nino driven pattern kicks in as the high demand states from the northcentral to the northeast states will see some easing in [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
(excerpt from our weekly dairy report)
As we discussed last week, WTI is focusing on the current El Nino as one of the primary supply drivers for the dairy market in 2010/11. As seen on our SST anomaly map (contact Weather Trends for details), the major El Nino [...]
Not surprisingly, the weekly y/y weather is a fairly persistent indicator for activity in coal for the coming week; better than looking at point temp of forecast vs. normal. This graphic shows the y/y change in min temp on the left, and the market response on the right (shown here via the KOL ETF). Extending [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Short term moves in the commodity complex notwithstanding, the longer range view is fairly constructive when we start to anticipate where much of the demand will originate for 2010. It is easy to get caught up in managing the short term volatility in the ags/energies/metals without sometimes [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
While everyone is focusing on crude as the directional indicator for commodities, there are two drivers in the agri complex that we are keeping a close eye on. The first is the weather pattern in South America. December weather was largely favorable in Brazil and Argentina [...]
