Another Attempt At El Nino Onset Likely to Fall Short
A westerly wind burst across the equatorial Pacific tropics in February ALMOST ignited El Nino.
Funds Pound Wheat Lower As They Add to Large Short Position; USTR to Update Congress On US/China Trade Negotiations
** CBOT futures are sharply lower in wheat – with corn in tow. The soy complex has held on rumored cash buying from China. The wheat selling is chart/fund related as futures push to new contract lows on massive fund selling. US stock futures have risen sharply on the news of US/China trade progress,…
Brazil’s New-Crop Soy Export Commitments 12% Above Year Ago, Yet USDA Projects Exports to Drop 16.8% This Year.
Summary: Brazil shipped 1.86 MMT of soybeans last week. That’s nearly twice the previous week’s 986,000 MMT and 1 MMT more than a year ago. In comparison, US exports last week were 1.307 MMT and Argentine exports were just 30,000 MT. In the Feb WASDE, the USDA lowered their projection for Brazil’s new-crop exports by 5.6 MMT…
Frigid Great Plains Days 6-10
The outlook is revised colder for days 6-10.
Dryness and Anomalous Heat Dominate Australia in March
Dryness and anomalous heat dominate most of Australia in March.
