The EU & GFS models begin the week in good agreement, which boosts confidence in the nearby forecast. Both models have trended drier across the Eastern Midwest in the 8-14 day period. This is evidenced by NOAA’s probability outlook, which is attached. However, a pattern of sustained rainfall will continue across the Central Plains. Climate…
Brazilian trade data released last week showed soybean exports for April at just over 10 MMTs, which was slightly better than expectations. Brazilian soybeans have been offered under the US for many months, and both Chinese and other world buyers continue to book the cheaper Brazilian supply. Cumulative exports for the year are now…
US and European wheat futures ended steady despite weakness overnight. AgResource has detailed previously that soybeans are most exposed to Chinese demand, or a lack thereof. Wheat market focus remains centered on weather. A needed drier trend develops across the E Midwest, but Fusarium Risk is spreading into Plains as wheat enters the heading stage…
CBOT soy markets plunged overnight on in response to President Trump’s threats to increase Chinese tariffs on Friday. The President had extended the deadline by two months but has become frustrated by the lack of progress in recent days. At the low of the day, July beans had been 25.5 cents lower but moved to…
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