Major Exporter Wheat Production
AgResource updates major exporter wheat production, as well as the season’s average fob price forecast.
Afternoon Weather Update
US Forecast Cooler, Much Drier than Normal into August 7th: Heavy rains fell across portions of the Central Midwest, and included the eastern third of IA. However, this area has seen near normal precip since early summer, while the area deepest in drought continues in an arid rain trend. The graphic at left features 30-day…
Wheat Hits 4-Week Low on Profit Taking, Black Sea Wheat Yield
Wheat futures followed corn to moderate losses, and as yields reported from Russia and Ukraine have improved relative to last week. Russian wheat production may be a record 74-75 MMTs, but the sum of major exporter production is trending lower amid ongoing dryness in Canada and Australia – which in the case of Canada will…
Corn Lower on Cooler Temps; Forecast Remains Dry
Corn futures ended lower, but well off session lows, as the Central US forecast lacks any meaningful rainfall beyond the next 72 hours – and nearby totals will be confined to parts of SD, E IA, MN and WI. Crop conditions continue to erode, and as we’ve mentioned before we struggle to peg national US…
Soybeans End Lower But Well Above Overnight Low
Soybeans were down overnight on weather related selling on the rain across parts of the Midwest. Yet, the afternoon close was more than 10 cents over the overnight lows. US weekly export inspections were well above expectations and at a 13 week high of 22 Mil Bu, on much better than expected late season…
