Summary: China’s “spot” soybean crushing margin today is 20 Yuan/MT, down 2 Yuan from a week ago. The “forward” margin is 15 Yuan/MT, up 10 Yuan from a week ago. In addition, the forward margin is 270 Yuan above what it was a year ago. In the May WASDE, the USDA lowered its projection of China’s soybean imports by 2 MMT…
Summary: For the period May 11-May 17, the ship lineup shows that Brazil exported 100,000 MT of corn. That is down 26,000 MT from the previous week but it is 100,000 MT more than what was shipped a year ago. For comparison, US export inspections last week were 821,000 MT. As of May 17, total…
The cool pool in the North Atlantic is favored to influence the upper air pattern such that an amplified upper ridge persists over Western Russia.
A recent wet pattern for much of Europe eases once June arrives.
Persistent severe weather and heavy rain and more flooding for the Great Plains ahead.
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