North America Season 1-3 Ahead Climate Outlook
After a warm autumn there is cold risk in the eastern U.S. for wintertime.
Russia Captures Majority of Egyptian Wheat Tender But at a Slightly Lower Price.
Summary: Today, Egypt’s GASC purchased 295,000 MT of wheat from Russia and Ukraine (for delivery in Sep 15-Sep 30). On a FOB basis, the cheapest wheat offered was Ukrainian which was $2.43 MT less than the lowest Russian offer. The “average” FOB price paid for the offers that were accepted was $202.18/MT, $0.51/MT below the…
Fund Managers Adding to Shorts; CBOT Spot Corn Futures Fall Below $3.60; Central US Weather Drier at Midday
** AgResource CBOT Midday Analysis: Reduced volume and technical healing is the tone at the CBOT at noon. Following 3 days of active fund selling in corn, the market is trying to stabilize with funds again returning to sell the overnight bounce – but in reduced volume. Wheat and soybeans are sagging with spreading noted…