Excerpt from the note that went out to Weather Trends clients yesterday (Monday) morning:
In light of the softer market regarding futures prices, extreme heat across the corn belt this week should add some strength to the sector with widespread warmer temperatures and a drier pattern in the southern belt for several days potentially limiting yields. [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
The table above from this week’s USDA Crop Progress report underscores the effect that delayed planting this year has exerted on emergence of the crop. In spite of planting progress that has picked up over the last 10 days, some regions may start to run into situations where [...]
The La Nina pattern continues to drift towards neutral conditions, but the transition is slow. Pacific equatorial SSTs cold anomalies have dissipated further since last month’s report, and colder water is now present in the North Atlantic. However, the Southern Oscillation Index finished April with another month strongly in positive territory, and the leading edge [...]
Author: Michael Ferrari, PhD
VP, Applied Technology & Research
In the USDA Foreign Agriculture Service May 2011 World Agricultural Production Report, it was noted that projected corn production in the US for the 2011/12 season is currently at 343.04 mmt, which would be an 8.5% increase over last year. The increase in planting acres (roughly +1.4 mm [...]
The US beet crop is well behind schedule for spring planting, in part due to the cold and wet pattern that has been persistent over the last month. The Red River at Fargo has come down, but is still well above flood stage (see NOAA chart below); the recent flooding which has extended into potential [...]
The USDA/NASS Crop Progress report issued yesterday afternoon underscored the note that we had put out to clients the previous week. US corn planting is still significantly behind the pace set last year. As of May 1, the 18 major growing states have 13% of the intended crop in the ground, vs. 66% for the [...]
