U.S. Week 2-5 Outlook for the U.S. Indicates Periodic Wet Episodes
While not necessarily targeting the same part of the Great Plains the week 2-5 forecast brings a weekly wet weather risk well into June.
NOPA Soybean Crush in April
NOPA member crush fell well below expectations. But soy oil stocks remain rather tight.
Afternoon Weather Update
US Forecast is Wet into Late May; Planting to Expand In East into Friday: The graphic attached displays precip accumulation since Friday, and the E Corn Belt enjoyed a lasting period of dryness, that was so badly needed. Another 60 hours of warm/dry weather persists before a more active pattern of moisture returns. The GFS…
World Wheat Prices End Lower; Black Sea Weather Favorable
US winter wheat conditions continue to erode, but weather elsewhere is viewed as mostly favorable. Most importantly, ongoing soaking precip is expected in France, Germany and Southern & Central Russia into late month, further easing concerns of dryness there, and note that the crop’s critical heading stage will occur soon thereafter. Rallies have struggled amid…
CBOT Ends Weak on US, South American Weather
The pace of US corn seeding is still very close to average, despite regionally soaking rainfall thus far during spring, and crop-finishing rainfall will continue across C Brazil through the week ahead. The market lacks a spark to drive funds out of a sizeable net short position established in Chicago, but fundamental downside risk is…
