AgResource South American Weather Discussion
Argentine Forecast Details Trend Drier; Moisture Stress Due Next 7 Days in Central & Northern Brazil: The EU and GFS models have fine-tuned weekend precip forecasts in Argentina. Both indicate that needed heavy rain will be more regional in nature than previously indicated. The EU model’s 5-day forecast is attached. ARC notes that highlighted areas…
AgResource World Oilseed Market Discussion
Canola Posts New 7-Year High; Minor Oilseed Markets Require Immediate Demand Rationing: Spot CBOT soybeans is targeting $12 (again) the 2016 high and a price that has offered major resistance fundamentally and psychologically. However, other world oilseed markets have not paused to wait on South American weather, but rather show urgency in the need to…
Russian Wheat Export Discussion
The world wheat market is so far unmoved by the $30/MT export tax on Russian wheat beginning Feb 15th. This is due to uncertainty. Indeed, how Russian interior cash and fob markets evolve in the next 30 days is difficult to predict. Russia’s interior market will be watched closely in the weeks ahead. Yet, ARC…