AgResource LATAM, Aug 4
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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. “Watch what I do; Not what I say!” By vessel counts and China’s monthly trade data, China will import nearly 28 MMTs of world corn in the international crop year that ends on September 30th. This is a record! Notice that China is importing 3…
Central US Forecast Trends Wetter in E Midwest Beyond August 12; Near-Term Moisture Improvement Confined to IA, IL, WI: The Central US forecast has added the chance of needed rain to; IL, IN and OH in the 8-15 day period. This year’s weather story is one of the “haves and have nots”. Another two weeks…
Canola Market Recovers: Canadian Price Working to Maintain Adequate Stocks: November canola in Canada ended sharply higher on Wednesday and is now up $20 per ton (3%) on the week. The global rapeseed/canola market has largely shrugged off recent weakness in CBT soy futures as supply and trade issues mount. Aug 1-15 rainfall across most…
Soybeans Recover Losses on China Inquiries for US Soybeans: Slower but firmer trade unfolded at midweek which left soybeans 6-11 cents higher. Both palmoil futures and Canadian canola rallied sharply, which offered support to CBT soy. Brazilian soybean fob quotes pushed above the US last week and have held firm this week. Spot quotes have…
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