Click here to view the data Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 123,000 MT from the previous week (a 5-month low) but cumulative exports are up 4.5% from a year ago. USDA projects total global soybean…
CBT futures are mostly lower at midday in mediocre volume. StoneX’s lower yield projections has failed to spark much new buying interest, while weaker crude futures have weighed on CBT soyoil. A larger than expected build in US crude inventories has reduced bullish energy market momentum at $74 per barrel, basis spot WTI crude. Concern…
Summary: US ethanol production was unchanged this past week. Ethanol stocks declined slightly . Gasoline consumption was up nearly 5% and was 1% ABOVE what it was in 2019. Futures-based ethanol producer margins on Aug 03 were $0.97/gln, down $0.29 from the previous week. Last week saw the highest ethanol margins have been since December 2016. …
Highlight: Heat shift into the East. Extreme heat risk still in question. Chart of the day: ECM ENS tropical rainfall forecast. Discussion: Preferred is the non-threatening rainfall anomaly forecast by ECM ENS the next 15 days which keeps deep tropics convection confined to southern latitudes. Medium-range 6-10 Day Forecast Valid August 9-13, 2021 Medium-range 11-15…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 4.25 cents at $13.24, Dec corn is down .50 of a cent at $5.5125 with Sept Chi wheat up 5.00 cents a $7.295. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures are mixed in thin…
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