South America Week 2-4 Outlook: Not as Dry.
Argentina’s dry pattern is likely to recieve some wet relief.
Heat Risk Texas/Oklahoma, Thunderstorms to the North.
Frequent thunderstorm events across the Midwest and Mid-South while Texas heat builds.
U.S. Medium-range Forecast: Wetter Trend Corn Belt.
A wetter trend in the Corn Belt where cooler temperatures are seperated by hot weathe rto teh south.
China’s “Spot” Soybean Crush Margins Rise to Break-even on Decline in Imported Soybean Prices.
Summary: China’s “spot” soybean crushing margin today is -2 Yuan/MT, up 98 Yuan from a week ago. The “forward” margin is -15 Yuan/MT, up 103 Yuan from a week ago. Also, the forward margin is 243 Yuan above what it was a year ago. In the July WASDE, the USDA left its projection of China’s soybean imports unchanged at 85…
CBOT Sinks on Macro Economic Factors Related to US/China Trade War; E Midwest Weather Forecast Concerning
** AgResource Farm Marketing Advice for Monday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Buy October $4.30 corn calls and sell October $3.80 corn puts at cost of 3.50 cents to protect…
