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Argentine crops stressed Y-O-Y Comps O.K, 10-Year Bad Rain S, 7 days later into E and C?
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CORN
Crops compared to the 10-year meanArgentine crops and pasture are far behind (as of Dec 3-18). Comparison to the 10-year mean shows the greatest deterioration in high producing areas as N Buenos Aires, most of Cordoba, NW Santa Fe/SE Santiago del Estero/SW Chaco and portions of C Santa Fe, Entre Rios, Uruguay and Rio Grande do Sul. Other areas of lesser deterioration are shown throughout Argentina as well as a few fortunate areas where crop health exceeds the mean. Note: since this graphic was released, further drying and deterioration has occurred.
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QT In formation Systems
Chicago Board of Trade 141 W. Jackson Blvd., Suite 1255 800.240.8761 ph 312-896-2050 fax www.qtweather.com www.qtinfo.com
D R Y
An E-W surface ridge, crossing from the S Atlantic westward into central Argentina will inhibit rain and moisture from reaching central and north Argentina for the next 5 days.
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Five day rain totalsrains reach southern, southwest (into S Cordoba?), and far west areas today and lasting over the weekend.
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Rain encroaches on central areas 8 days from now per the overnight GFS.
The 7 day temperature outlook shows above normal heat will continue on average over central and southern Argentina while normal to below is expected in coastal and eastern areas.
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QT In formation Systems
Chicago Board of Trade 141 W. Jackson Blvd., Suite 1255 800.240.8761 ph 312-896-2050 fax www.qtweather.com www.qtinfo.com
Days 9-16 are promising, leaving scattered pockets of 2+ inch totals, but it appears, especially on corn that the damage is irreversible and yields are going to suffer. ALLEN MOTEW