The Government Reduces The Summer Weather Threat May 19, 2022
The government's monthly update of long term weather brought with it a lowered concern for the US. The Climate Prediction Center's June-July-August forecast remains with the entire US in some type of above normal temperatures. The severity for the western cornbelt has been lessened. Their moisture forecast has also improved. Last month, their forecast for summer was for the entire western cornbelt, and parts of Illinois/Wisconsin, was for below normal precipitation. Though most of the geographic region of dryness remains in place, the severity has been lessened. We noted before that if the prior forecast were released, corn yields would run -8% from trend and soybeans -5%.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
-
Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
Market Movers
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
November 28, 2023
Snapshots
Snapshots