For the complete South America Grain Weather Report, CLICK HERE.
Summary:
There really is not much to change in the forecasts until you get into the 11 to 15 day. The the MJO models yesterday
and on Monday began to show a change in that the very strong impulse was going to weaken rapidly once it reached
phase 8 and turned into or towards the Neutral circle. This is a change because the earlier projections have the
impulse staying rather strong in phase 8 and phase 1 into phase 2. As a reminder, those Phases keep most of Brazil
quite wet and keeps Argentina very dry. Thus this change with current MJO models from yesterday has significant
implications for the 11 to 15 day timeframe. For that reason the models are wetter in the 11 to 15 day. It is quite
possible that the MJO will not weaken this rapidly and will hold course … as a strong Phase 1 and phase 2. This
obviously would keep the dry pattern over Argentina and the super wet pattern over Brazil. But for now, there is risk for some moderate rain showing up in the 11 to 15 day in Central Argentina.
and on Monday began to show a change in that the very strong impulse was going to weaken rapidly once it reached
phase 8 and turned into or towards the Neutral circle. This is a change because the earlier projections have the
impulse staying rather strong in phase 8 and phase 1 into phase 2. As a reminder, those Phases keep most of Brazil
quite wet and keeps Argentina very dry. Thus this change with current MJO models from yesterday has significant
implications for the 11 to 15 day timeframe. For that reason the models are wetter in the 11 to 15 day. It is quite
possible that the MJO will not weaken this rapidly and will hold course … as a strong Phase 1 and phase 2. This
obviously would keep the dry pattern over Argentina and the super wet pattern over Brazil. But for now, there is risk for some moderate rain showing up in the 11 to 15 day in Central Argentina.
The full report presents current weather conditions for Argentina and Brazil along with next 30 days rain and temperature projections.
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 1st at 3PM CST. REGISTER NOW.