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European Milling Wheat $1.36 higher than US KC HRW.
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JonSCKs
Posted 1/4/2019 08:15 (#7219307 - in reply to #7219264)
Subject: ENSO pegged to expected El Nino..


The Wet Fall developed as we transitioned to an expected El Nino..  However, we see the changes as we transition.. Certainly Wet this past fall.. which may continue.. however, by this summers growing season.. we could start to retreat back towards a more dryer outlook.. which would be bad for Spring Wheat yields as well as Corn and Beans.

In fact a Wet Spring / Dry Summer could be in the cards..  hard to get the crops in.. then bake them off during the growing season..  ???

( http://www.cpc.ncep.noaa.gov/products/analysis_monitoring/lanina/enso_evolution-status-fcsts-web.pdf )

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