Monday was a mixed day of trade, with soybeans back and forth around unchanged before ending 2 cents lower. Soy product markets were mixed through the day with meal leading the soy complex lower, while soyoil followed palm oil futures higher following the monthly Malaysian palm oil report. Commodity fund traders were estimated sellers of;…
A warmer pattern ahead but not necessarily dry for the Great Plains.
Bottom Line: Based on current data, China’s September soybean imports could be about 8.0 MMT (vs 8.45 MMT in August and 6.34 MMT last year). If our estimate for exporter shipments in August (based on ship lineup data) is correct, China’s official imports in September will be enough to push 2016/17 final Oct-Sep imports…
** Mixed and choppy has been the CBOT this AM with corn and soybeans trading on either side of unchanged, while wheat holds in the red. The volume of trade has been moderate with corn showing the best trade volume. Traders and producers understand that the harvest is dead ahead and that seasonally, CBOT prices…
The steady decline in Nino34 SSTA and increasing subsurface cool temperatures indicate increasing La Nina risk ahead.
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