";s:4:"text";s:3478:" Color Infrared South America Animated Satellite Loop, Covering the South America and the Surrounding Atlantic and Pacific Oceans Forecast Directory U.S. City: Home ; Reports.
Soybeans are 93% harvested, only 2% behind average. Crop progress yesterday (11/13) showed that harvest is still catching up to closer to average, with corn now only 8% behind average at 83% harvested. Another way to prevent getting this page in the future is to use Privacy Pass.
However, we are keeping our eye on the sea surface temperatures in the eastern pacific. Actually, with harvest nearing completion and corn at new lows, this might not be a bad place to start taking corn hedges off, and owning corn again.
Winter wheat conditions are down 1% at 54% G/E, vs. last year’s rating of 59% G/E.
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Periods of hot weather are expected along with this dryness.This situation bears close watching as we head into the main soybean pod-filling month of February.Favorable weather is expected to continue for filling soybeans in the major growing areas of Brazil.
We are approaching the time of the year when grain markets are dominated by news out of South America (SAM), mainly the weather there and the impact it will have on the final yields in Brazil and Argentina.
U.S. weather is forecast similar to yesterday, and to have below-normal precip for the entire 14-day period, with temps below normal for the eastern U.S. for all 14 days, but above normal for the most part for the western U.S.
South American weather forecasts are similar to yesterday (with a little more rainfall forecast for Argentina in the eight- to 14-day period), with above-normal precip forecast for Brazil the entire 14-day period. USDA hiked yields to 175.4 bushels per acre, a new record-large corn yield (even larger than last year’s big crop), and a full 3.1 bushels per acre larger than the trade expected.