U.S. Medium-range Forecast: Still Warm Eastern Half of Nation
Eastern U.S. stays warm!
A warmer ocean surface east of Brazil for Q4 increases wet weather risk.
Mostly dry in the week 2-4 outlook for both Brazil and Argentina.
Summary: China’s “spot” soybean crushing margin yesterday was 105 Yuan/MT, down 86 Yuan from a week ago. The “forward” margin was 106 Yuan/MT, down 74 Yuan from a week ago. However, the forward margin was 35 Yuan above what it was a year ago. In the September WASDE, the USDA lowered left its projections for China’s…
Summary: For the period Sep 07-Sep 13, the ship lineup shows that Brazil exported 1.68 MMT MT of corn. That is 889,000 MT more than the previous week and it is 653,000 MT more than what was shipped a year ago. Last week, Argentina exported 1.02 MMT and the US exported 421,803 MT. As…
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