AgResource Weekly Newsletter, Oct 19
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South American Pattern Becomes Stagnant; La Nina-Based Dryness Worrisome in Argentina: The South American pattern is consistent with prior output, and viewed as favorable in Central and Northern Brazil and concerning in Argentina. Soybean seeding in Brazil continues rapidly amid dryness there this week and the return of normal soaking rainfall in the 6-10 day…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. Canadian canola futures rallied C$15.40/MT ($.28/Bu) on Tuesday to mark a new contract high close for November. Canola on the ICE Exchange is now at a historic $2.87/Bu premium to Chicago soybeans. Canadian crush rates were slow at the start of the marketing year amid…
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