AgResource Weekly Newsletter, Mar 30
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
Warmth Dominates Central US April 2-15: The Central US forecast has trended warmer in recent days. The graphic shows max temps projected by the EU model on April 4, with highs in the 70s and 80s to be widespread. Even warmer readings are possible across the Plains April 5-10 as the northern branch of the…
South American Forecast Keeps Northern/Central Brazil Arid; Heat Continues: The EU, GFS and Canadian models are in general agreement that needed rain returns to much of Mato Grosso and parts of Goias April beyond April 7th. A more expansive pattern of rainfall is not indicated into mid-April, and so Parana, Mato Grosso do Sul, S…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. AgResource estimates March 1st US corn stocks at 7,799 Mil Bu, the lowest since March of 2014. However, when such stocks are measured against estimated 1st quarter use, the ratio falls to 95.4%, which along with a dramatic expansion of March-August export demand, makes such…
Soybeans Fall on Pre-Report Positioning: Limited demand and fund profit-taking in front of key USDA reports sent CBT soybean futures sharply lower on Tuesday. The largest decline for the day was realized in soyoil which traded to limit losses in old-crop contracts. The fear that extra soybeans could be turned into soyoil has been liquidating…
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