South America Season 1-3 Ahead Outlook
The summer outlook does not indicate a high risk of drought or flooding in key growing areas.
Livestock Price Forecasts
Record Large Red Meat Production In Q2: The latest updates from the USDA have 2nd quarter US pork production increasing by 4% a record large 6,605 Mil Lbs in 2019. This will mark the 9th consecutive year that 2nd quarter production has been unchanged or higher. The last year that 2nd quarter pork production marked…
Evening Weather Update
Brazil Still A Bit Too Wet; South American Temps Favorable: The forecast is little changed and still mostly favorable. There are still hints of a more normal pattern of rainfall developing in Mato Grosso and Goias by mid-December. No lasting period dryness is projected there however. Dry weather continues in Argentina. This is favorable in…
Wheat Ends Steady to Lower; US Export Sales Lag Continues
US wheat futures ended unchanged to down 4 cents following another week of routine export sales. European contracts ended similarly weak amid the EU’s own export woes. There’s an otherwise lack of fresh news. We do mention that open interest in Chicago is the lowest since Sep of 2017. Enthusiasm is lacking. Export sales…
Corn Maintains Support; Export Sales Better Than Expected
March corn ended unchanged. Fundamentally, the market remains caught between improving export demand but further declines in ethanol production margins. And there’s little to do ahead of this weekend’s meeting between US & Chinese officials. Dialogue between the US and China into early 2019 will have a significant impact on planting intentions. A case can…
