EU & GFS Models Lack Agreement Near Term; Climate Forecast Still Cool/Wet: The EU (top) and GFS models’ 7-day precip forecast is at left, and the two lack agreement on details through the next week. The EU is favorably drier, the GFS includes widespread soaking rain this weekend, and AgResource leans toward something in between.…
Following last week’s break to the downside, soy futures shrugged off old crop export demand and extended losses through Monday’s trading. Ahead of the morning open, the USDA announced an export sale of 130,000 MTs of old crop soybeans to an unknown destination, the 3rd consecutive week with sales announcements. Commodity fund traders sold 9,500…
On May 10, USDA pegged Brazil’s soybean crop at a record 111.6 MMT, up 600,000 MT from their previous projection. In addition, USDA projected local marketing year (Feb-Jan) soybean exports at a record 63.6 MMT, unchanged from their previous projection. For the week May 22-May 29, Brazil exported 2.16 MMT of soybeans. That’s down from last…
CBOT corn, soybean and wheat futures have fallen to sharp losses following improved Central US weather and whispers that NASS will report a US corn crop condition rating that is only 2-3% less than a year ago (last year was 72% GD/EX) this afternoon. The corn market has taken back all of Friday’s gain,…
The Commitment of Traders report showed that managed money funds are still holding a short positions in Chicago wheat, corn and soybeans worth 352,069 contracts, a reduction of 9,000 contracts from previous week. Managed funds as of last Friday held a combined short position in corn, wheat, soybeans and soy oil worth 360,690 contracts, a reduction from the 367,825…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
