Cool Pattern Dominates the Black Sea Region
An unattractive periodic wet weather pattern with steady cool conditions is projected the next 10 days in the Black Sea region.
An unattractive periodic wet weather pattern with steady cool conditions is projected the next 10 days in the Black Sea region.
Wet weather gradually suppresses the warmth in the East-Central U.S. later this week followed by a cooler and drier pattern change.
USDA reported that US farmers had planted 71% of intended seedings as of May 14th (see chart below). That’s a bit less than last year’s 73% but above the 43-year average of 67%. The all-time high for this date was 91% (set in 2000) and the all-time low was 34% (set in 1993 – a…
** It has been another mixed and low volume morning at CBOT as corn/wheat trade either side of unchanged while soybeans hold in the green on improved US export demand for old crop. The volume totals at midday are slightly improved from Friday and Monday, but still low historically speaking for mid May. This is…
The estimated crush margin for imported soybeans “spot” delivery in China was -164 Yuan/MT yesterday (see red line in chart below). That was up 21 Yuan/MT from a week ago. A month ago, spot crush margins fell to a 21-month low. Four months ago, the spot crush margin set a 2-year high. The crush margin for…
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