Climate Impact Company Sunday Report: Northern U.S. Rains This Week Shift East Days 6-10
Using the ECM Ensemble to project U.S. rainfall over the next 15 days which favors northern and eastern U.S. rains.
Weekend Commodity Wrap Up
AgResource breaks down the (exciting) week in ag commodities.
June WASDE Report Analysis
Old Crop Abundance vs. New Crop Weather vs. Fund Short Positions: A more complex market lies ahead, as the trade reconciles record – and still rising – old crop corn, wheat and soybean inventories, a developing drought across the US Plains and ongoing sizeable short positions held by speculators. Decent short covering was seen this…
Hogs Close Higher Ahead Of The Weekend
July hogs jumped sharply higher following a strong open on Friday, but the entire day’s range was traded within the 15 minutes and the rest of the day was spent back and forth within that range. Summer contracts marked new contract high weekly closes, and December saw the best weekly close since mid March. The…
China’s Soybean Imports Could Be Above USDA’s Projection
Bottom Line: Based on current data, China’s June soybean imports could be about 8.0 MMT (vs 7.56 MMT last year and 9.59 MMT in May). July imports could be 6.83 MMT. We’ve noticed that cumulative shipments of soybeans from the principal exporters tends to be larger than official imports early in the marketing year when imports…
