Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The Australian Bureau of Agricultural and Resource Economics (ABARE) lowered their estimate for the the Australian wheat crop (2009/10 crop year) to 21.656 mmt; this is down from their previous number of 21.99 mmt. Mid-crop heat stress was followed heavy rains.
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Despite a healthy seasonal pattern, South American soybeans are becoming susceptible to rust outbreaks this season. The cool and wet El Nino-induced precipitation pattern set the stage for precursor conditions that are conducive for fungal development. Following the development, we are now concerned with transport mechanisms. The Weather [...]
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
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 [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
This was issued on Monday morning, 14 Dec:
The USDA’s corn estimate for carryover stocks is still in the 1.5 bln bu range per the December S&D report (up from the previous month), but momentum still supported the upward trend through the end of trading last week. Many [...]
