Summary: Last week Brazil exported 1.20 MMT of corn. Argentine exports were 786,000 MT. Ukraine shipped 98,000 MT. US exports were 755,000 MT. As of Aug 13, Brazil’s total corn export “commitments” for the local marketing year were 9.25 MMT vs 14.57 MMT last year. Commitments have accounted for 40.2% of projected total annual exports. Ship lineup data…
Highlight: Mid-south heat days 6-10; West rewarms days 11-15. Chart of the day: ECM ENS >100F risk. Discussion: The ECM ENS >100F risk forecast is not nearly as hot as GFS. Areas of >100F risk include the northwest Great Plains the next couple days and the Mid-south States in the 6-10-day period. California/Arizona >100F risk…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 5.75 cents at $13.74, Dec corn is up 1.50 cents at $5.7025 with Sept Chi wheat down 8.00 cents at $7.525. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! The overnight CBT trading session has been mixed…
Highlight: Brief rains North-central U.S.; U.S. Soybean areas hot days 6-10. Freeze risk days 11-15 Southeast Brazil. Southern Europe heatwave to return. Fig. 1-2: The ECM ENS days 1-7 and days 8-14 percent of normal rainfall forecast for North America. Canadian Prairies/North-central U.S. rainfall: A transitional weather pattern evolves over the next 2 weeks. In…
Fig. 1: Latest Australia Bureau of Meteorology Indian Ocean Dipole forecast. Discussion: The Australia Bureau of Meteorology updated their Indian Ocean Dipole forecast earlier today. The outlook indicates the negative phase continues through the remainder of 2021 (Fig. 1). Peak intensity arrives in September and lasts through November. Despite the still-strengthening -IOD pattern, the 15-day…
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