Wet Pattern Change Ahead for Australia
Madden Julian oscillation causes excessive rainfall in Australia beginning next week.
Madden Julian oscillation causes excessive rainfall in Australia beginning next week.
** Mixed and dull has been the morning CBOT trade with corn, soybeans and wheat trading either side of unchanged. Traders point to concerning South American weather forecasts and strong world demand for oilseeds as reason for their “buy dips” mentality. Also, crude oil prices are rising to strong daily gains with November WTI futures…
Persistent warmth and mainly dry the next 2-3 weeks across Europe.
Bottom Line: Last week, Brazil shipped 592,000 MT of soybeans. For comparison, US soybean export inspections were nearly 3 times larger at 1,484,650 MT . Brazil’s exports were above the previous week’s 469,000 MT and were nearly five times larger than a year ago. Brazil’s export “commitments” are a record 62.16 MMT, up 22.8% from…
** AgResource Daily Cattle Analysis: Monday’s cattle futures were on both sides of unchanged and closed mostly higher. A steady outlook is offered for early trade this morning. Neither rallies nor breaks were able to get much traction through Monday’s trading, and a late day bounce off the lows left December cattle unchanged at the…
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