Summary: Brazil shipped 1.45 MMT of soybeans last week. That’s down from the previous week’s 2.44 MMT and 1,194,000 MT smaller than a year ago. In the May WASDE, the USDA lowered their projection for Brazil’s exports by 0.5 MMT to 69.0 MMT (on a Feb-Jan marketing year) – – down 18.0% YoY). As of May 10, export…
** AgResource Daily Cattle Analysis: Cattle futures were lower at the end of last week’s trade, and a steady outlook is offered at the start of this week. June cattle were under pressure last week from fund liquidation and then lower weekly cash trade. Weekly highs were set on Monday, lows on Thursday, and the…
** 6:30 AM CDT CBOT Futures: July soybeans are down 7.50 cents at $8.015, July corn is down 2.75 cents at $3.49 & July Chi wheat is down 1.50 cents at $4.23. ** AgResource Morning CBOT Comment/Analysis: Good Morning! Following the decline in world financial markets, CBOT corn, soybeans and wheat were lower to start…
** Happy Mother’s Day! ** AgResource Pre-Opening Sunday Calls: Soybeans 1 cent lower to 2 cents higher, corn steady to 1 cent higher with wheat steady to 2 cents higher. ** Weekend Weather & CBOT Market Discussion: Opening week CBOT calls are mixed to slightly higher. The bears had a feast last week as the…
Wet weather returns to the Corn Belt in the 8-14 day period while heavy rains continue in Europe.
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