AgResource LATAM, July 21
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Thank you for subscribing to AgResource LATAM! Click here to view this week’s report
AgResource Farm Marketing Advice for Thursday: 1/ No new advice. Henan in China has been hit with a massive amount of rain in 5 days that followed a very wet first 15 days of July. Too much rain has been the woe for Central and Southern Chinese famers while too little rain has fallen on…
US Soybeans Cheapest in the World for LH of September; China’s demand to shift to the US by early August; The attached chart reflects that US soybean values are the cheapest in the world by late September. Brazilian fob offers are rising and Argentina is struggling with 77 year lows of the Parana River amid…
Central US High Pressure Ridge To Worsen Dryness Across the Plains/W Midwest into August: The EU, GFS and Canadian models are consistent and in broad agreement on the two-week forecast. An expansive high pressure Ridge blocks meaningful precip from all but the Southeast/East Coast of the US into August. Monsoonal rain will continue across the…
Chart Support Holds as Soybeans End Mixed: Soy finished mixed at midweek. Traders continue to monitor hot/dry Plains/W Midwest weather forecasts which offered support against November’s the 50-day moving average. Brazilian Feb-Jul meal exports are off 5% from last year. This has occurred even as Argentine meal exports remain light. Exports in April were record…
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