** AgResource Pre Opening Sunday Market Calls: Soybeans 1 cent higher to 2 cents lower, corn and wheat steady to 1 cent lower. ** Sunday Weather & Market Comment Discussion: CBOT opening week calls are mixed to slightly lower. The CFTC will release its weekly Commitment of Traders report Monday afternoon (after CBOT close)…
AgResource breaks down the week in ag commodities
NASS still has one report left to fine tune US 2017 US row crop production, major changes are unlikely. A corn yield above 170 (to say nothing about record yield) has been a surprise, but in January ARC expects yield to be maintained at 175, give or take fractions of a bushel. The adjacent graphic…
S American Weather Largely Favorable; Better Rain Needed in Argentina by December: The GFS’s projected soil moisture change makes clear that needed rainfall will continue to impact Central Brazil, and that needed dryness will be established elsewhere. No threatening heat is indicated, and vegetation health will be improving in South America. Beyond the next…
US futures ended with modest daily and weekly gains, and overall world prices have failed to react to Thursday’s bearish corn data. Russian domestic wheat prices continue inch higher after finding bottoms in September, and despite marginal weakness in the ruble Russian replacement values are up $1-2/MT this week. The point is we doubt Russian…
