Some rainfall not that helpful to North Dakota. Western Corn Belt drying. Europe could trend drier while Black Sea region stays wet. Wetter Brazil forecasts. Fig. 1-2: Just-issued mega-cluster “most likely” percent of normal rainfall forecast for days 1-5 and 6-10 across North America. U.S. 10-day rainfall forecast discussion: Forecast models indicate with increased frequency…
Summary: Brazil shipped 3.21 MMT of soybeans this past week. Argentine soybean exports were 211,000 MT. US export inspections are estimated to be 250,000 MT. The ship lineup indicates that 10.2 MMT could be shipped in June. In the May WASDE, the USDA raised its projection for Brazil’s local marketing year exports by 200,000 MT…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 18-25 cents higher, corn 12-18 cents higher and wheat 9-15 cents higher with Minneapolis leading. Sunday Weather and CBOT Market Discussion: Opening week CBT calls are sharply higher on a deepening concern for drought across the N Plains and the northern half of the Midwest. The graphic…
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