It’s Not A Lock But Periods of Beneficial Rain for Brazil
The subtropical ridge occasionally backs offshore allowing for some wet return flow to bring showers at times across Brazil in the week 2-4 outlook.
The subtropical ridge occasionally backs offshore allowing for some wet return flow to bring showers at times across Brazil in the week 2-4 outlook.
Following firm trade overnight, soybean futures rallied to strong gains through the day on Thursday. Key technical support had held at midweek, and rumors that the US was considering lifting tariffs on some Chinese products supported a rally in both CBOT grains as well as other US financial markets. In its weekly crop report…
US and world ag futures are bright green at midday. South American weather remains concerning, and we hear that Black Sea wheat prices are up another $3/MT to new seasonal highs. There’s also talk that US Gulf corn offered at level money with Argentine harvest prices into Asia for late winter delivery. We’ve highlighted this…
AgResource Daily Cattle Analysis: Cattle closed higher on Wednesday, and a steady outlook is offered for early trade this morning. February again paced the rally on ideas that the week’s cash trade would be higher and at the close was again at a new contract high, as well as a slight premium to April. …
The U.S. medium-range forecast into early February trends colder.
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