Category: row crops
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El Niño Vs La Niña
Reminder! https://www.severe-weather.eu/long-range-2/el-nino-event-development-noaa-advisory-forecast-winter-weather-impact-united-states-canada-europe-fa/ Typically there is a phase change around every 1-3 years. El Niño anomaly is growing rapidly, with a strong seasonal impact already seen in the forecast as we head into Fall and Winter 2023/2024 Based on the latest data, NOAA has released an El Niño advisory showing a rapidly growing El Niño anomaly.…
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Brazilian Farmland Boom
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Russian Wheat Scare
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Turkey up to its eyeballs
Over the past two years, there has been a significant shift in the power balance, causing Turkey to reassess its relationships. This has led to improvements in relations with countries like Israel and a reevaluation of its stance towards Russia. Negotiations on the transfer of military technology and equipment, such as F-16s and drones, have…
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Farm Income drops….
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Famine
Initially, it was believed that famine was becoming extinct due to technological advancements, economic growth, and global humanitarian efforts. However, the 2011 famine in Somalia, which resulted in the deaths of 260,000 people, proved this notion wrong. Since then, there have been more famines declared in Africa, as well as several near misses. The COVID-19…
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Soil and food for thought…
64% of corn acres and 57% of bean acres are now under drought stress however DEC corn futures are trading close to 9% lower than JUL corn and NOV bean futures are trading 14% lower than JUL beans.