Commodity Index Although there is still one trading day left in November (Monday), the CRB index is breaking out to the upside while the US dollar index closes below key support at 92.00. These technical happenings are occurring simultaneously which offers confirmation that coming Covid 19 vaccines and confidence in economic growth is just ahead.…
Classic La Nina winter outlook takes hold mid-to-late winter.
Dry-to-drought conditions for many crop areas are likely to continue this summer season.
CBOT futures have rallied to end the holiday shortened week on concerning South American weather and stronger than expected US weekly export sales with no sign of Chinese cancelations of prior US soybean purchases. US wheat futures have been the upside leader as Egypt’s Thursday GASC tender did not reflect any weakness in non-US wheat…
Summary: Next week’s soybean export inspections could be 2.275 MMT (83.6 Mil Bu). That would be up 9% from this past week. This week’s ship lineup is 3.003 MMT. That is up 8.7% from last week. Three weeks ago, the lineup set a 5-year high. There were 43 vessels to-be-nominated (TBN). That is down from a…
