AgResource Weekly Newsletter, May 25
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. The US dollar index has reached a critical chart juncture. The market either holds key support or slides in a faster pace bearish price trend. The market has been scoring lower lows and lower highs since the peak in March of 2020. The next few…
Central US Rain Favors Area Already Wet; Arid Pattern Returns to Northern Plains, Upper Midwest: The EU/GFS models are at odds with respect to Central US weather in 6-15 day period. The GFS’s accuracy has fallen sharply in recent weeks, and so AgResource’s lean stays towards the better performing EU model solution. This is likely…
Recent Rain Boosts Brazilian Surface Moisture; Subsoil Moisture Remains Historically Low: Rainfall totals of .20-1.40” were recorded across Parana and portions of Mato Grosso do Sul and Mato Grosso last week. This precip was welcomed across Southern Mato Grosso, where the dry season has commenced and heavy precip in late May is abnormal. The attached…
A year ago, there was a big surprise in the June Acreage report as the US lost 5 Mil acres of corn seeding. Based on increased acres in the Prospective Plantings report, the trade had positioned for an even larger increase in June. June 2020 final corn acres were 5 Mil under the March report…
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