Weather - General
Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that.
The shift to an El Niño weather pattern is creating dynamic market conditions. In particular, the U.S. soybean market will be extremely sensitive to threats to the Brazilian crop.
As extreme weather events affect the profitability of agriculture, here are four areas to bring focus to the ripple effect.
We have gradually resigned ourselves to Brazil being the leader, but last year they also took the top spot for corn exports, a tougher fact to swallow. There is more going on for the 2023-2024 growing season in Brazil.
Bret Walts of BAM Weather predicts the transition to a colder pattern will be later in September and into October.
On May 12, Nate Hansen of Dell Rapids, S.D., saw a wall of dust appear on the horizon.
Be ready for a colder and snowier winter versus recent years.
In eastern Kansas and Missouri, harvest is happening at a historic pace, but western Kansas is overcome by so much rain that winter wheat fields are now overgrown by weeds making those fields unharvestable.
Farmers across the Texas High Plains received a deluge of rainfall right at planting, and while the moisture was needed, the sudden switch prevented some farmers from planting their intended cotton acres this year.
Hurricane-force winds swept from northern Missouri and Iowa all the way east to Illinois and Indiana. The derecho brought wind gusts up to 100 mph, flattening cornfields, but it also drenched soils with crucial rains.