Summary: Next week ’s soybean export inspections are expected to be 875,000 MT (32.1 Mil Bu). If this is correct, that would be down 19% from the previous week. This week’s ship lineup is 1.67 MMT. That is up 24% from last week. There were 27 vessels to-be-nominated (TBN). That is up from last week. This past week there…
CBOT futures are mixed at midday with wheat pacing the gain amid ongoing fund buying. Wheat has been able to push to fresh seasonal highs as traders look at the potential for China to return to the US market under a Phase 1 Agreement. Traders estimate annual Chinese purchases of US wheat in a range…
Summary: US wheat export commitments are above last year but below the long-term average for this time of year. In the December WASDE, the USDA pegged 2019/20 “all wheat” exports (grain plus products) at 975 Mil Bu. That’s up 25 Mil Bu from the November projection. “Pace analysis” suggests that USDA’s HRW exports projection is…
Continued very warm forecasts into early January.
Increasing wet risk ahead helps to slow down the drought.
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