Weather

South American Grain Weather from WxRisk.com

walshtradingGeneral Commentary, Grains, Weather

For the complete South America Grain Weather Report, CLICK HERE.

SUMMARY:

Argentina continues to have problems with moisture, all Brazil continues to have no problems and if anything too much. While there is no sign of the extreme heat coming back that I can see on the weather models for the next 7 to 10 days… there is no sign of the big rain showing up for Argentina all the next two weeks. Over the last few runs the GFS models consistently shows big rains developing for much of Argentina and it does so again early on Tuesday morning. However the GFS ensemble is much closer to the European and the European ensemble is given to seasonal trend and other factors… But I remain skeptical about the idea of a big rain showing up for any portion of central … eastern … or south central Argentina anytime over the next two weeks. There are some changes developing with the current MJO which might be more favorable for Argentina as we move into March. But by that time the lack of rain for Argentina may have already done its damage.

For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what hedgers and investors should be looking for in the future. Upon sign-up a recording link will be sent to your email in case you are unable to attend live. Sean and Ben will host their next webinar on Thursday, February 15th at 3PM CST. REGISTER NOW. If you missed our last webinar you may VIEW A RECORDING.