U.S. Winter 2018-19 Outlook
The Climate Impact Company Winter 2018-19 Outlook is updated.
US Corn Yield Scenarios
Since the release of the USDA’s October report the market has questioned NASS’s so far lofty ear weight forecast. It’s been well documented that US corn yield tends to decline further after being cut in October. The degree of future changes could price, but we fully expect support to be found on breaks until the…
Evening Weather Update
Major Forecasting Models Maintain Wetter Pattern 8-15 Day Period: Model agreement continues to improve, with all major forecasting models suggesting a shift to wetter weather beyond the next week or so. Favorable harvest conditions persist in the near term. Seasonal temps are expected throughout the next 10 days. Potentially soaking rainfall returns Oct 31. …
Wheat Tests Chart Support; World Cash Market Still Listless
US wheat futures fell 3-9 cents, led by long liquidation in KC. Several major conferences are ongoing this week, and so activity in world futures & cash markets should be limited. EU milling wheat futures settled just marginally lower. Russian offers are down $1/MT for spot, and finding offers thereafter remains difficult. Russian shipments since…
Soybeans Close Firm In Early Week Trade
Soybeans traded quietly and closed firm to start the week. The market remains caught between a disappointing export rate and a delayed harvest with increasing worry over poor quality crops in the Western Cornbelt. Funds were estimated buyers of 2,500 soybean and 1,000 soyoil contracts, and sold 2,000 in soymeal. NASS reported that the US…
