July corn traded in a 5-cent range, ultimately ending 4-5 cents lower on lower than expected weekly export sales. CONAB’s updates this AM were largely uneventful, but more important is that the major forecasting models remain in agreement on unseasonal rain in Central Brazil in the next 10 days – right as pollination becomes widespread.…
Wheat futures rallied 1-3 cents, with similar gains noted in European markets, as Central US weather is far from ideal and as there’s little known about the freeze fate of the crop in the Western Plains. ARC’s contacts suggest crop conditions may be a bit misleading and further reductions in yield in W KS, W…
Overnight strength in the soy market gave way to bearish technical trading amid larger crop estimates from both Brazil and Argentina. This left July futures at the lower end of a 2 week range. Soy product markets finished weaker in meal, while soyoil caught support from strong gains in the palmoil trade. Commodity fund traders…
A persistent trough east of Argentina accepts incoming strong cold fronts which bring periods of cool weather to Argentina through late May.
Can soaking wet soils in Central/East-Central U.S. reverse sharply drier? The door is open for that risk after mid-summer.
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