Daily Soy Report, August 07
Thank you for subscribing to AgResource Daily Soy Report! Click here to read the report
US Red Meat Trade In June
Friday’s International Trade Report showed US pork exports for the month of June at 449 Mil Lbs, a 66 Mil Lbs decline from May but still 18 Mil Lbs more than a year ago. It was the largest June export total since 2008 and the 2nd largest on record, with strong year over year increases…
Midday GFS Drier Nearby and Extended Range; CBOT Waits for NASS Crop Ratings
** CBOT grain futures have traded mostly firmer in moderate volume as traders take eye on the USDA Crop Report on Thursday. The initial rally has been tentative in moderate volume as traders discuss the potential for an increase in US corn and soybean crop ratings this afternoon. ** The whisper number for US soybean…
Pace of Brazil Soybean Exports Picking Up A Bit.
Bottom Line: Last week, Brazil shipped 1.5 MMT of soybeans. That’s about the same as the previous week but 550,000 MT more than a year ago. Brazil’s export “commitments” are a record 56.65 MMT, up 17% from last year. But USDA is projecting annual exports to rise 21%. Therefore, export commitments are lagging the pace…
Weekly ENSO Update…Trending Toward La Nina
Neutral ENSO continues with increasing risk of La Nina later in 2017.
