Crop Weather Outlook 2012

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Crop Weather Outlook 2012 What Follows A Strong La Niña? Elwynn Taylor www.twitter.com/elwynntaylor 1/12/2012 US Corn 147.2 BPA (9.24K/ha)

soy 41.5BPA (2.79K/ha)

http://www1.ncdc.noaa.gov/pub/data/cmb/extremes/summer-2011-days-over-100.png

Madden-Julian

• Contributing to the weather today • wattsupwiththat.com/2010/12/22/the-madden-julian-oscillation/

Daily T Deviation from Average Dec 2010 to Aug 2011, Dec 2011 to now 17 Mar

• • • •

It was not hot all the time It was La Niña La Niña T is more extreme Last year (2011) we did not have+30

• Central Iowa corn yield trend (+2.05Bu/yr) exceeds the National (+1.87Bu/yr), but lags the state (+2.10 Bu/yr).

WC IA

• West Central Iowa trend = 2.35Bu/yr.

200

180

160

140

-- 18 yrs --

-- 16 yrs --

120

100

80

60

40

20

0 1940

1950

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1970

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1990

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2010

2020

7.00

Iowa Corn Prices vs. Costs

6.50 6.00

$ per bushel

5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50

Season-average Price Extension and Outreach/Department of Economics

Cost per Bushel

11 20

08 20

05 20

02 20

99 19

96 19

93 19

90 19

87 19

84 19

81 19

78 19

75 19

19

72

1.00

Chad E Heart

stable period 2

stable period 3

stable period 4

Reminder: All crop forecasts in this report are based on conditions on August 1 and do not reflect weather effects since that time. The next district corn and soybean production forecasts, based on conditions as of September 1, will be released on September 12.

157.5

172 http://www.nass.usda.gov/Statistics_by_State/Iowa/index.asp#.html

Record year 2011

• Edging records of mid-teens &50s for old stations

Weather Stations Near You

• Sheldon: Hot July & normal rain to mid-July • http://mesonet.agron.iastate.edu

Normal is 10.06 inch

Normal is 12.06inch

Normal is 14.55 inch

• Iowa: Precipitation between dates (2012 to date) • http://mesonet.agron.iastate.edu

When I was a kid

1947

1983

Iowa State University Extension

COLD

WARM

Warm Winters

Cold Winters

Sea Surface Anomaly 2012

• http://www.osdpd.noaa.gov/ml/ocean/sst/anomaly.html

• Past 3 La Niña peaked below 15 • Past 3 dropped to negative values • World weather stayed La Niña this time

http://www.esrl.noaa.gov/psd/enso/mei/ http://www.bom.gov.au/climate/current//soi-1977-1984.shtml

Some relief



Roots could be very important

I Remember Algona 2002

• •

Our creek is dry for the 1st time in 100+ years ! Heat stress was normal after silking, Gdd got bhind, rain was ample in Aug

La Niña • • • •

La Niña began June 2010 La Niña peaked Nov 1, 2010 2nd strongest since 1950 by time & strength. Weakened (but did not establish neutral condition) 14 June - 9 Sep 2011 • Strengthened to Moderate La Niña 1 Oct 2011 • Ended (likely) 22 Apr 2012…. Then ?

11-month outlook based on Risk Wheel Decision Tool persistent climate anomalies

70% risk of below trend

53% risk of above

70% risk of above

• Chance of U.S. Corn yield 110% (Green) for (left to right) La Niña, neutral, El Niño summers. • Like analysis was done for ENSO+PDO+NAO combinations. • Corn buyers/sellers can manage the risk of crop yield exceeding or falling below government determined demand levels. IS

U

TWW Corn-Soy Outlook • • • •

TWW (Taylor, Wisner, Wolter) Taylor likely crop yield per acre Wisner likely Dec price at harvest time Wolter likely El Niño/La Niña summer condition

La Niña Outlook

9 May 2012

• 30% Chance La Niña persists into Summer • 20% Chance El Niño begins immediately • 50% Chance of Neutral ? ? • • • • • •

Minimal chance of Neutral SOI 30% Chance of La Niña with US Yield < 148 BPA $6.60 20% Chance of El Niño with US Yield > 168 BPA $5.00 50% Chance of neutral with US Trend+ 164 BPA $5.15 $ from Wisner 2/9/2012 http://www.extension.iastate.edu/agdm/crops/outlook/cornbalancesheet.pdf

Soy 41bpa $11.95, 43.5bpa $10.60, 45.5bpa $10.35

Based on the evolution of recent atmosphereocean conditions, I am dropping the odds from 50/50 to less than 30% for continued La Niña conditions into the upcoming summer. In fact, there is a distinct possibility that we could see a switch to El Niño by mid-2012. … ([email protected]), (303) 497-6340 Today DEC corn $5.18

Nov Soy $13.29

Preliminary 2012 Corn Risk 8 Mar 2012

130

22%

145

148 $6.60

177

161

• • • •

180

29%

168 $5.00 164.2 $5.15

DEC12 518 ½ 10:30am 5/9/12

ENSO odds: Wolter, Contract $: Wisner, Yield odds: Taylor Wolter: www.esrl.noaa.gov/psd/enso/mei/ Taylor: twitter.com/elwynntaylor Wisner: www.extension.iastate.edu/agdm/crops/outlook/cornbalancesheet.pdf

Recovery of La Nina (termed a recovery as the historically mandatory 90-day period of neutral [blue zone] was not achieved). This is the 90-day moving average plot that serves as the forecast for the behavior of the “official” 152-day centered moving average. The 152-day entered neutral on 13 June 2011 & recovered to La Nina 9 Sep 2011, as the neutral period was less than 90 days the standard for a neutral condition was not achieved.

• An Important storm has helped but not corrected the dryness in S Brazil & in Argentina (dry since Nov).

• http://www.ssec.wisc.edu/data/comp/latest_cmoll.gif

Next 10 days: Warmish

SOI

The sea surface warming off Argentina has been significant over the past 20 days Mar 19, 2012 0.82 (SOI tending, as of now, toward neutral ) http://www.osdpd.noaa.gov/ml/ocean/sst/anomaly.html