Mostly Hot & Dry for Black Sea Region
Briefly cooler in the Black Sea region July 9-15 otherwise hot and dry.
Briefly cooler in the Black Sea region July 9-15 otherwise hot and dry.
Risk of heat next week, and dryness in early/mid-July is still apparent.
A weak El Nino look has emerged. MJO shifts to the Indian Ocean.
Bottom Line: Crushing margins continue to improve after setting a 3-year low four weeks ago. For the month of June, vessel lineup data indicates that shipments from the major exporters to China were 8.01 MMT. That is less than China’s May imports of 9.59 MMT. For July imports, exporters’ vessel lineups indicates that China’s…
Bottom Line: Based on the lineup of vessels, Brazil’s June corn shipments are projected to be 1.19 MMT and is a record for the month. That is well above last year’s shipments of 63,000 MT. Last year’s SECEX June exports were 20,000 MT. The record for SECEX exports in June is 346,000 MT (in 2006). SECEX…
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