Summer heat puts a crimp in the natural gas supply build

Last week’s surprisingly strong 120 bcf per day weekly EIA build number gave way to a more modest 65 bcf, about half the prior week’s level. Hotter summer temperatures are settling in across the country for July with summer in full swing. Although stocks [...]

Latest sea surface temperatures may hold clues for upcoming cocoa season

The latest NOAA satellite data is yielding some interesting observations for weather across West Africa in both the short and long term. Specifically, we have seen a significant cooling in the equatorial Pacific region consistent with potential development of La Niña later this year. [...]

Warmer weather expected to benefit developing crops

Recent heavy rains from the southwestern to the northcentral Grain Belt replenished topsoil moisture ahead of a warmer and drier stretch of weather. Beneficial drying is expected across the southern areas, where soil moisture is adequate, as well. As soil moisture is already low [...]

Atlantic to see more major tropical storms & hurricanes in 2020

NOAA is predicting an atypically active Atlantic hurricane season this year, with a 60 percent chance of an above-normal season from June 1 through November 30. The forecast calls for between 13 and 19 named storms and from three to six major hurricanes. One [...]

Rains, flooding near sugar beet areas in Michigan

On Tuesday night, May 19 the Tittabawassee River breached the Edenville and Sanford dams north of Midland. Parts of the city of Midland and surrounding areas have reportedly been turned into lakes, with more to come. The river is forecast to crest at 38 [...]

Soybean market gets a boost from weather, China

Soybean futures closed on Friday, May 8, with a 14-cent increase on the week as the market took notice of Chinese trade discussions and potential early weather issues. Beans are off to a quick start in terms of planting progress given the favorable weather [...]

2020 hurricane season may be more active

Researchers at Colorado State University announced their prediction for a more active hurricane season in 2020. An average season would see 2.7 major hurricanes from Jun. 1- Nov. 30, and 2020 is forecasted to bring up to eight hurricanes with four reaching moderate to [...]

Next week: Corn planting progress

Yesterday, USDA began reporting progress for a few 2020/21 crops, with more extensive reporting beginning next week, including info about corn planting pace. At this point in the season, all eyes are on field conditions and how soon Corn Belt growers will be able [...]

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