Archive for September, 2010

WTI US grains forecast verification

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Readers of our weekly reports know that, while Weather Trends has been expecting good numbers for US corn production in 2010, our view has not been as optimistic as USDA or most of the other analysts that we follow.  The long range forecast that we developed for the [...]

Constructive market for sugar anticipated

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
For months, we have been discussing the lack of rainfall in northern India as a production/yield inhibitor for the sugarcane crop.  As of mid-week last week, the seasonal rainfall in northern states was well behind normal for mid September.  In recent weeks, we have also stated that even [...]

SOI Milk

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
For some time, we have known about the positive relationship between La Nina-like conditions and milk production for US herds.  During an El Nino, conditions for much of the US may tend to be warmer and wetter, and as dairy cows exhibit sensitivity to heat stress and/or muddy [...]

Snow anomaly

Building from earlier post as we turn attention to winter, map from the Rutgers Global Snow Lab.

Global SST anomalies

WTI map:

Sugar rally to continue?

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
 

Spot raw sugar futures exhibited another week of very strong performance last week, as the OCT contract started the week off around 21 cents, and traded progressively higher through the 23 cent barrier by Friday’s session. OCT is currently around 23. Another week of y/y dry [...]