Brazil May Turn Wetter in February
There is a chance of a drier pattern emerging in Argentina while Brazil turns wetter beginning next week.
Brazil’s New-Crop Soy Lineup For Feb is 4.18 MMT; Old-Crop Exports Could Total 84.0-84.5 MMT.
Summary: Brazil shipped 661,000 MT of soybeans last week. That’s up from the previous week’s 130,000 MT and it is above a year ago. According to cargo services data, Brazil’s old-crop export “commitments” were 85.7 MMT. That is down by 232,000 MT from the previous week. Some vessels that were scheduled to ship in January were switched…
CME Called Lower on Disappointing Cash Trade; Favorable South American Weather Pattern Change Ahead
** AgResource Daily Cattle Analysis: Cattle futures closed lower last week but ended the week with a rally, a weaker outlook is offered for early trade at the start of this week. Feb cattle finished the week near $126 or $3-4 over the week’s cash trade, that developed while the CME was still open. …
CBOT Mixed To Start a Week as USDA Gets Back to Work; Weather Pattern Change in South America and Wild Weather Central US
** 6:30 AM CBOT Futures: Mar soybeans are down 3.25 cents at $9.22, Mar corn is down .25 of a cent at $3.80 while Mar Chi wheat is up 1.50 cents at $5.215. ** AgResource Morning CBOT Comment/Analysis: Good Morning! CBOT futures started the week out mixed with soybeans under pressure while wheat…
Last Week’s Global Climate
Exceptional heat in Australia was the leading climate anomaly last week.
