A Dry February Across Most of Europe
A mostly dry climate pattern across Europe into Western Russia well into February.
Brazilian Safrinha Corn
Brazilian soybean crop estimates are being trimmed following severe dryness in December & January. Brazil’s corn balance sheet has not yet been affected as safrinha production this year will account for a record 70% of Brazil’s total corn harvest. The safrinha crop is being planted currently, and at a record pace. There is concern over…
Evening Weather Update
Brazil Drier Next 10 Days; Pattern Shift Still Indicated mid-February: The operational models this evening are drier in Central Brazil than prior runs as high pressure Ridging hangs on for another 7-8 days. Beneficial rains fall across the northern third of Brazil’s Ag Belt, but any major boost in soil moisture awaits a more significant…
Hogs Trade Mixed on Nearby Weakness and Back Month Strength
Another mixed day of trade unfolded in the hog market at midweek. April was higher at the open and lower at the close but overall marked an inside trading day. October hogs hit resistance at the 50-day moving average and settled mid-range, while December hogs stopped just short of contract highs. The CME’s lean…
Narrow Trading Continues Through China Negotiations
Another quiet and low volume trading day unfolded at midweek in the soybean market, that left futures 2-3 cents higher for the day. The Brazilian soybean crop continues to roll back, and the forecast remains hot/dry for the next 10 days. However, the trade awaits news from the ongoing Chinese trade negotiations as well as…
