Next Weekly Newsletter Published Wed, Feb 20
Due to the Presidents Day holiday in the US, the next edition of the AgResource Weekly Newsletter will be published on Wednesday, February 20th.
CBOT Recovering into US 3 Day Weekend; US/China Trade Optimism Gaining Traction
** Wheat fund selling has produced new contract lows in KC March futures. Paris wheat started the Chicago decline with March Paris wheat down $3.25 euros/MT at $195.00/MT. March Chi is back to its initial starting point at the beginning of the year at $5.01. This week’s wheat decline started on weakening Russian fob prices…
South America Week 2-4 Outlook
A changeable pattern likely averaging wetter than normal acros Brazil.
U.S. Spring Outlook Maintains Wet Pattern in The Great Plains
The spring outlook remains the same…wet conditions across the Great Plains.
US Soybean Ship Lineup Sets New High for the Season. Inspections Expected to Be 45 Mil BU Next Week.
Summary: Next week ’s soybean export inspections are expected to be 1.230,000 MT (45.2 Mil Bu). If this is correct, that would be up 15% from the previous week. This week’s ship lineup is 2,584,000 MT. That is up 13% from last week and the highest for this season. Also, this week’s lineup is 102% larger than a year ago. There were 28 vessels to-be-nominated (TBN). That is down…
