Bottom Line: Last week, Brazil shipped 602,000 MT of soybeans. In comparison, the US exported 1.8 MMT. Brazil’s export commitments jumped 575,000 MT. Commitments are a record 66.71 MMT, up 29.9% from last year. USDA is projecting annual exports to rise 26%. Export commitments are at a pace that “on average” could exceed the USDA’s projection…
AgResource Daily Cattle Analysis: Cattle futures closed mostly lower at the end of Tuesday, and a weaker outlook is offered for early trade this morning. February live cattle were on both sides of unchanged through the day, trading higher in the first half of the day morning and then falling into the red in the…
AgResource Daily Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 10% of the estimated ‘18 corn harvest at $4.01 basis Dec ‘18 futures. 2/ Corn Producers: Sell 10% of estimated ‘19 corn production at $4.17 basis Dec ‘19 futures. 3/ Corn Producers: Sell 15% if the 2017 corn crop if March ‘18 corn futures…
In this week’s newsletter, we discuss the pace of global wheat trade to date, as well as take a stab at 2018 world wheat supply and demand.
The December International Trade Report with US trade data for October, showed total US soybean exports for the month at 345 Mil Bu. This was the slowest October export total in 3 years, and nearly 19 Mil Bu less than had been reported earlier in the month by the USDA’s FGIS Monthly Inspections report. It’s…
