Sep-Nov US Corn Supply & Demand

ARC estimates Dec 1 corn stocks at 12,440 Mil Bu, up 54 Mil (0.5%) from last year and the largest on record. Diminished Sep-Nov export shipments has been felt by the interior cash market (basis is still record weak in some locations), and while forward exports sales have improved rather quickly, there’s certainly no shortage…

Afternoon Weather Update

Argentine Rainfall Reduced Thru December; January Now Critical: The Brazilian outlook remains mostly non-threatening, and the models this evening are bit wetter in E/NE Brazilian growing regions in the 8-15 day period. Row crop action during the opening weeks of 2018, however, will largely be a function of Argentina’s climate pattern, particularly given soil moisture…