** AgResource Pre Opening Sunday Market Calls: Soybeans 2-5 cents higher, corn and wheat 1-2 cents higher. ** Sunday Weather & Market Comment Discussion: CBOT opening week calls are higher on disappointing weekend rainfall across Argentina and S Brazil and a more threatening forecast. Weekend rain totals were mostly in a range of…
AgResource breaks down the week in ag commodities.
The US ethanol market remains strong.
Longer, More Intense La Nina Likely: The latest ENSO model plume is below, and of note there are few forecasts that now project a rather strong La Nina through winter, and all models now indicate cool Pacific Ocean temps will persist into late spring. It’s unlikely – for now – that La Nina will have…
CBOT corn futures extended their gains amid ongoing concern over Argentine weather beyond the next few days, renewed strength in crude and a slightly stronger Brazilian real. The midday forecast added to rainfall amounts in coverage in Central Argentina through the weekend, but thereafter there’s real concern over a lasting period of heat & dryness.…
