Allen Motew (@QTweather) profile picture

Director of QTWeather for 15 years at the beautiful Chicago Board of Trade building. "AI" the new employee. Bye, Bye! Still tweeting though. Join us.

CBOT
Joined August 2009
Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)Photo by Allen Motew (@QTweather)
#Ukraine. Sowing rate is higher y/y. #Soybeans new favorite of farmers. Bright forecast of 2024 SFS harvest. #Rapeseed crushing remains high in 24/25. Stable demand for wheat corn. April exports are higher m/m so far. Wheat export destinations changed in 2024 @sergeyfeofilov
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DEFENCE OFFICIAL TELLING NEWS: ISRAELI MILITARY POISED TO LAUNCH RAFAH OPERATION IMMEDIATELY, AWAITS GOVERNMENT APPROVAL.
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Brussels has raided the offices of a🇨🇳Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between the trading superpowers. ft.com/content/4aa9b10f-93bf…
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🚨 Just in: Biden proposes for a 44.6% top capital gains tax rate, the highest capital gains tax since its creation in 1922
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JUST IN: 🇺🇸 Department of Transportation announces new rule for all airlines requiring automatic cash refunds if flights are canceled, delayed, or if luggage is lost.
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US 5-YEAR NOTE HIGH YIELD ACTUAL 4.659% (FORECAST -, PREVIOUS 4.235%) $MACRO
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#Crude Oil Inventories: -6.368M (est +2.000M; prev +2.735M) #oatt
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Johnson Co. #Nebraska making great progress on spraying and #corn #plant24 this week
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Plenty of warming. Just what was needed.
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South Dakota
Earliest first day of corn planting since… 2012
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Live view of risk managers responding to the price of Wheat 🌾
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Iowa/S. Minnesota weekly #hog weights for week ending April 20 has weights at 287.0 pounds, down from 288.0 pounds last week but heavier than last year’s 286.9 pounds. #oatt
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NMME has Rockies WY to Old Mexico odds favoring Summer abnormal drying (heat too) but what about KS to WI? IOWA model has moderate odds of abnormal dryness J-J-A as well as across KS to SC Canada. Ohio Valley-much of East/Southeast odds favor Wet! N Plains too? Stay tuned!
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NMME modeling brings us to these likely conditions by end of Summer. August/Sept/Oct long range but question is how do we get here? How much tropical action to save the day?
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Allen Motew retweeted
Ethanol production during the week ended April 19 averaged 954,000 barrels per day (bpd), down 29,000 bpd (3.0%) from the previous week and 1.3% below year-ago. Ethanol stocks dropped 347,000 barrels to 25.733 million barrels.
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YES - funds are "too short" corn & beans 𝐓𝐡𝐚𝐭 𝐬𝐚𝐢𝐝, 𝐭𝐡𝐞 𝐑𝐄𝐀𝐋 𝐨𝐮𝐭𝐥𝐢𝐞𝐫 𝐢𝐬 𝐭𝐡𝐞 𝐅𝐀𝐑𝐌𝐄𝐑 𝐋𝐎𝐍𝐆 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐚𝐭 𝐥𝐞𝐚𝐬𝐭 𝟑𝐱 𝐥𝐚𝐫𝐠𝐞𝐫 𝐭𝐡𝐚𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐜𝐨𝐦𝐛𝐢𝐧𝐞𝐝 𝐟𝐮𝐧𝐝 𝐬𝐡𝐨𝐫𝐭 𝐢𝐧 𝐜𝐨𝐫𝐧 𝐚𝐧𝐝 𝐬𝐨𝐲𝐛𝐞𝐚𝐧𝐬
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📌 #Ukraine exported almost 40 mln tons of #grain As of April 24, in 2023/2024 MY Ukraine exported 39 914 000 tons of grains and pulses. Read more 👉 uac.world/7HNaTT #UkrAgroConsult #Agriculture
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SovEcon: Russian #wheat exports are estimated at record-high 4.8 mmt in March and 4.6 mmt in April. Looking at line-ups, outstanding sales, and the new crop spread, we expect to see a substantial slowdown during the next two months. More in the trade and S&D note: sizov.report #oatt #sizovreport #blacksea
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Allen Motew retweeted
GFS mantêm a projeção de volumes de chuva elevado sobre o Rio Grande do Sul nos próximos 15 dias. Porém agora a chuva deve avançar sobre o Paraná também. Modelo analisado: GFS das 18UTC.
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