u.s. and south america grain and oilseed weather considerations for 2013 mike tannura meteorologist,...
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U.S. and South America Grain and Oilseed Weather Considerations for 2013
Mike TannuraMeteorologist, Agricultural Economist, and Owner
Transportation, Elevator, and Grain Merchants AssociationJanuary 24, 2013
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Source: National Weather Service
U.S. Drought MonitorAs of Tuesday, January 15
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Source: United States Geological Survey
U.S. StreamflowMonday, January 21, 2013
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Source: United States Geological Survey
Upper-Mississippi StreamflowMonday, January 21, 2013
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Source: United States Geological Survey
Missouri StreamflowMonday, January 21, 2013
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Source: National Weather Service
• A tale of two grain belts – one very dry, one wet
PrecipitationPercent of Normal, 180-Day Period Ending Monday
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U.S. Winter Wheat Production2007 - 2011 Average
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Precipitation (Percent of Normal)Weighted By U.S. Crop Production
180-Day Period Ending Monday
• 68% of HRW wheat in drought, compared to only 10% of SRW wheat
Soil Moisture:Extreme Drought
Drought Normal WetExtreme Wetness
Precipitation (Percent of Average):
(0% - 50%) (50% - 75%) (75% - 125%) (125% - 200%) (200% +)
CORN 20% 36% 40% 4% 0%
SOYBEANS 15% 32% 47% 6% 0%
HRW WHEAT 27% 41% 29% 3% 0%
SRW WHEAT 0% 10% 77% 12% 0%
SPRING WHEAT 16% 36% 44% 4% 0%
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Neutral Conditions Exist(Neither El Niño nor La Niña)
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Neutral Conditions To ContinueThrough Summer
Data source: Climate Prediction Center
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U.S. Temperature ProbabilityMarch-April-May
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U.S. Precipitation ProbabilityMarch-April-May
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10 Driest May-December PeriodsIn Kansas-Nebraska-Oklahoma
1895 - 2012
Data source: National Climatic Data Center
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March-April Precipitation After The 10 Driest May-December PeriodsIn Kansas-Nebraska-Oklahoma
Data source: National Climatic Data Center
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U.S. Winter Wheat Yield1950 - 2012
Data source: National Agricultural Statistics Service
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U.S. Winter Wheat Yield After The 10 Driest May-December PeriodsIn Kansas-Nebraska-Oklahoma
Data source: National Agricultural Statistics Service
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U.S. Corn Production2007 - 2011 Average
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U.S. Soybean Production2007 - 2011 Average
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Ideal Weather ForHighest U.S. Corn Yield
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Ideal Weather ForHighest U.S. Soybean Yield
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U.S. Corn Yield1960 - 2012
Data source: National Agricultural Statistics Service
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U.S. Corn Yield(Departure From Trend)
1960 - 2012
Data source: National Agricultural Statistics Service
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U.S. Corn Yield and Lagged September-March Precipitation*
1960 - 2012
* Precipitation in Illinois-Indiana-Iowa Data source: National Agricultural Statistics Service
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U.S. Soybean Yield and Lagged September-March Precipitation*
1960 - 2012
* Precipitation in Illinois-Indiana-Iowa Data source: National Agricultural Statistics Service
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Summary
• A large-scale and intense drought is in progress
• May-December ranked #1 driest in at least 118 years across the key winter wheat states of Kansas-Nebraska-Oklahoma
• Moderate historical support for slightly dry weather and low wheat yields during the key March-April period
• The drought neither increases nor decreases the odds for above-trend or below-trend U.S. corn and soybean yields in 2013
• Autumn and winter weather hold no predictive value for future U.S. corn and soybean yields
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U.S. Earthquakes
• Do you live in the Midwest or Mississippi Delta?• Have you ever felt an earthquake?
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San Francisco Earthquake
• Magnitude 7.9 on April 18, 1906
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U.S. Earthquake Risk
• The risk of a major earthquake in the central U.S. “is as high as for places in California” – United States Geological Survey, 2007
Source: United States Geological Survey
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Two Seismic Zones InThe Corn Belt and Delta
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Halloween EarthquakeNear Cairo, Illinois
• Magnitude 6.8 on October 31, 1895
Source: United States Geological Survey
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New Madrid Earthquake SequenceDecember 1811 – February 1812
• 4 earthquakes of Magnitude 7.8 – 8.1 • 8 earthquakes of at least Magnitude 7.0 (not aftershocks)• “…weeks to months…” of disruption would affect agriculture and its
transportation infrastructure if a sequence recurred today – USGS 2009
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South AmericaGrains and Oilseeds
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Argentina PrecipitationLast 90 Days (Ending Monday)
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Argentina PrecipitationLast 30 Days (Ending Monday)
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Argentina’s Recent Weather Pattern
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Summary
• Argentina is drying and its corn and soybeans need rain to return
• Key corn and soybean areas of Center-West / Southeast Brazil and Bahia have been drier than average throughout most of its growing season
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Summary
• A large-scale and intense drought is in progress
• May-December ranked #1 driest in at least 118 years across the key winter wheat states of Kansas-Nebraska-Oklahoma
• Moderate historical support for slightly dry weather and low wheat yields during the key March-April period
• The drought neither increases nor decreases the odds for above-trend or below-trend U.S. corn and soybean yields in 2013
• Autumn and winter weather hold no predictive value for future U.S. corn and soybean yields
• Argentina is drying and its corn and soybeans need rain to return
• Key corn and soybean areas of Center-West / Southeast Brazil and Bahia have been drier than average throughout most of its growing season
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Thank You!Questions?
Mike Tannura Meteorologist, Agricultural Economist, and Owner Email: [email protected] Website: www.tstorm.net Phone: (312) 638-0993 Toll Free Phone: (866) 475-7370
980 North Michigan AvenueSuite 1400Chicago, IL 60611