US Wheat Futures Sink to New Contract Lows: Dec CBOT wheat ended 9 cents lower, with spot KC falling 16.5 cents to the lowest level since late 2005. Tuesday’s break was sparked by a warmer nearby Central US forecast and reduced corn yield threats. Turkey was also able to secure 250,000 MTs at very aggressive…
CBOT Corn Ends Sharply Lower on World Wheat Market; Warmer US Temps: Dec corn fell 9 cents as new lows were made in US and world wheat markets. The Central US forecast remains frost-free into Sep 18th. And warmth this week will help speed along maturation rates. World grain markets are looking for demand despite…
Soybeans Close Firm On Crop Maturity Concerns: Soybean futures did not follow the grain markets lower at the start of the week, and closed lightly mixed around unchanged. November soybeans were down ½ a penny at the close and were more than 9 cents over the early morning low. The weekly Crop Progress report showed…
ARC as of Sep 1 estimates US corn yield at 165 Bu/Acre, vs. 166 Bu/Acre in early August. Pro Farmer’s tour of the Midwest provided a bit more clarity over yield potential in major producing states. ARC also acknowledges the strong correlation between Pro Farmer & NASS Sep yield estimates. The table above shows by-state…
Brazilian Planting Season Lies Ahead; Seasonal Rains Awaited: Severe dryness will continue across the Central and Northern Brazil throughout the next two weeks. Market attention will turn to South American weather once a Central US frost/freeze has been avoided. The attached graphic shows that, seasonally, rainfall needed to trigger germination does not develop in Central…
