AgResource Pre-Opening Sunday Calls: Soybeans 1 cent lower to 2 cents higher, corn steady to 1 cent higher with wheat called 1-2 cents higher. Weekend Weather & CBOT Market Discussion: Happy Mother’s Day! Opening week CBOT price calls are mixed to slightly higher on the cold weekend temps that produced cosmetic cold weather damage to…
Summary: On Tuesday (May 12), the USDA will release its May WASDE. The report will include the first projections for the 2020/21 crops. On average, analysts expect the ratio of corn ending stocks/use to rise sharply. However, the stocks/use ratio of wheat and soybeans is expected to decline. This year, analysts have to contend with considerable…
Commodity Index The CRB/CCI rallied with the market appearing to form a double bottom on the weekly chart. The rally in the CRB/CCI was largely due to a sharp recovery in energy futures. Spot CME June crude pushed near resistance at $25.00. ARC doubts that crude can continue its rally with expiration in less…
The big chill departs followed by a wetter pattern for the Great Plains then much warmer.
The eastern Ukraine and Russia’s Southern District are missing the rainfall in early May as dry soils worsen.
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