AgResource LATAM, September 20
Thank you for subscribing to AgResource LATAM! Click here to view this week’s report
Weekly Newsletter, Sep 20
In this week’s newsletter, we take a look at global soybean supply, demand and stocks. Crop condition yield models are also updated.
Sep 1 US Wheat Stocks
US wheat stocks are no doubt very large, but down from a year ago. AgResource breaks down the US Jun-Aug wheat balance sheet.
Afternoon Weather Update
Central US Drier 8-15 Day Period, Warm into early October: The near term outlook is unchanged, and still rather wet across the Plains and W Midwest. The extended range forecast has trended drier and so harvest progress and crop maturity will be accelerated in the early part of October. The latest CFS Oct temp outlook…
CME Wheat Hits 5-Week High; Russian Cash Market Up (Again):
US wheat futures rallied 4-7 cents, with Dec CME posting newer multi-week highs. Limited fresh news is available, but Australia’s crop potential continues to decline and the Black Sea cash market continues to move higher (record demand is found here). The graphic below makes clear the trend in global prices since early summer, and also…
