Global corn trade is projected to slow in 2019/20 following an outright surge in 2019/20. This is partially due to a sharp rebound in major exporter wheat production and due to a general slowdown in raw material consumption growth. WASDE its in June report pegged global corn trade in 19/20 at 171 MMTs. This was…
July CBOT corn fell 5 cents. Fund profit taking is noted, but ARC doubts a lasting bear trend can be sustained until much more is known about US production potential. Soaking rainfall upward of 3-5” will impact IL, IN and OH. The coming lack of sunshine will cap growth and keep crop ratings well behind…
The dominant theme in late June remains that the jet stream moves abruptly northward beyond June 24. This change in the upper air pattern allows summer-like temps to return to the whole of the Central US. Highs in the mid/upper 80’s will be common. GDD accumulation accelerates. Rising temps and abundant/ excessive soil moisture will…
The forecast is a touch drier than previously, but unwanted soaking rain still plagues the Eastern Midwest into the weekend. Warmer and drier conditions evolve thereafter as high-pressure Riding expands across the Southern Plains. Increased shower activity begins Wednesday. Moderate rainfall impacts KS and NE in the next 24 hours. This system moves quickly…
CBOT and KC futures ended 8-11 cents lower, basis July, on rising competition for export demand. The world cash market is again steady to lower based on falling basis and futures in Europe. Egypt is seeking optional origin wheat for late July arrival. This will certainly be given to the Black Sea. Updated world…
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