Midwest weather in the last several years has been nearly ideal for growing crops, with regular rains and below average temperatures. The 2018 growing season has also been favorable, but with several areas of concern. Crops in the S Midwest, particularly in the states of MO/AR are embroiled in drought, while crops in the…
US Forecast Again Wetter Next 7 Days; Trending Warmer during August: The overall Central US pattern is little changed into the latter part of next week, but is trending warmer thereafter. The EU & GFS models are a bit wetter across the Midwest in the near term. Modest boosts in soil moisture lie ahead. Along with…
Corn traded in a narrow range in mediocre volume. ARC maintains a bullish outlook on coming demand and the need to encourage sizable world acreage expansion in 2019. But, traders await NASS’s August yield estimate amid a near term favorable Central US weather forecast. Monday’s Crop ratings will be little changed at 71-73% GD/EX. .…
CME futures fell another 3-6 cents; other world cash markets ended steady to higher. KC is again at a premium to Chicago, and KC’s premium will widen further in the weeks ahead. There’s little fresh news available, but we maintain a bullish outlook amid falling major exporter production – now including the US spring…
CBOT soybean futures closed higher on Friday with the market able to post a second consecutive week of gains. The rise was due to ongoing active non Chinese demand for US soybeans and feared sharp falls in Black Sea sunoil and EU rapeoil production. Both oilseed crops are enduring drought stress and a 15-20% yield…
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