U.S. FEB, MAR and APR 2019 Outlook
The updated late winter to mid-spring climate outlooks for the U.S. are issued.
U.S. Medium-range Forecast Maintains Frigid 6-10 Day Outlook
The 6-10 day outlook remains super cold and some long-standing record cold is likely in the Midwest.
Worsening Brazil Drought As Moisture Source Regions Cutoff
Moisture source regions are cutoff by hostile wind trajectories causing South America drought to expand.
AgResource LATAM, January 24
Thank you for subscribing to AgResource LATAM! Bolsonaro in Davos, crop updates and much more! [viewer-link url=”agresourcelatam/latamrpt_01-24-2019.pdf” text=”Click here to view this week’s report”]
China’s Soybean Crush Margins Holding Above Break-Even. Soymeal Approaching 18-Month Low But Soyoil Prices Rally.
Summary: China’s “spot” soybean crushing margin today was 79 Yuan/MT, down from last week’s 125. The “forward” margin was 9 Yuan/MT vs last week’s 43 Yuan/MT. However, the forward margin was 90 Yuan above what it was a year ago. Five months ago, the forward margin fell to its lowest level in 4 years. In the USDA’s December WASDE, China’s import projection was left unchanged at 90 MMT. However, China’s…
