Russia Week 2-4 Outlook: Wet Weather Near Black Sea Region
Weak upper trough causes persistent rains south and near the Black Sea region in the week 2-4 outlook.
Weak upper trough causes persistent rains south and near the Black Sea region in the week 2-4 outlook.
Wet weather risk in the Great Plains aggravates already high flood risk into early summer.
Soybeans were on both sides of unchanged through Thursday, with late day selling putting soybeans down 2-3 cents at the close. Weekly export sales were good at 1.9 MMTs, but traders are still waiting for additional sales that had were promised by China back in February. Funds sold 3,000 soybean contracts. The soymeal…
** CBOT grain futures were mixed on the opening but have rallied at midday on speculative buying. The inability of the CBOT to decline after the opening helped put “bullish heart” into grain values. Traders are aware of the large net short positions of funds and with farmers holding back on any additional marketing, the…
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