Climate Impact Company Reviews Russian Wheat & Climate
Occasional cool and mostly dry persistence is affecting Russian Wheat during recent weeks. This pattern continues into early June with a warmer pattern change possible by late June.
Cattle Called Firm/ Cold To Hold Across Central US
** AgResource Daily Cattle Analysis: Cattle futures closed firm on Thursday and steady/higher outlook is offered for early trade this morning. June cattle were sharply lower at the open on Thursday, but found early support and spent the day moving up. June traded a $2.70 range and was higher at the close. August marked the…
Cool Weather To Persist Across Central US For Another 2 Weeks; Brazilian Tensions Ease
** 6:30 AM CST CBOT Prices: July soybeans are up 7.00 cents at $9.5175, July corn is up 2.00 cents at $3.68 while July wheat is up 4.00 cents at $4.2975. ** AgResource AM Grain & Oilseed Comment: Good Morning! The overnight CBOT trade is in recovery as combative presidents in the US and Brazil…
Wheat Markets Stable Despite Row Crops, Higher Dollar
Winter wheat futures settled unchanged, while MGE futures rallied a few cents, and the wheat market was largely immune from Brazil’s latest political turmoil. Early harvest reports from TX continue to be disappointing with respect to quality, and the US cash wheat markets are getting stronger – slowly but steadily. Interior HRW basis is…
Corn Falls on Brazilian Woes, US Climate Forecast
CBOT corn futures fell 5-6 cents, and are again testing recent lows – which have so far held rather well. Brazilian corn exporters are relatively better positioned to capture demand this summer amid a weaker real, but ARC notes political chaos doesn’t change physical supply and demand. NOAA’s updated climate forecast is completely lacking of…
