AgResource Pre Opening Sunday CBOT Calls Are soybeans 2 cents lower to 1 cent higher, corn steady to 1 cent lower with wheat called steady to 2 cents lower. Sunday Weather & CBOT Market Discussion: Opening week CBT calls are mixed to lower. November soybean put exercises look to exert early pressure. Chinese state media…
Fig. 1-3: The mega-cluster ensemble identifies extreme wet risk in the West, Midwest and Northeast U.S. for the upcoming week while the Northeast is still wet days 6-10 while much of the remainder of the U.S. shifts drier. The 11-15-day forecast is mostly dry. United States: Using the mega-cluster ensemble, excessive rainfall (and mountain snow)…
Highlight: NCEP CFS V2 forecasts a wet Brazil/dry East Argentina to far Southeast Brazil November/December. Fig. 1: NCEP CFS V2 upper air forecast for November 2021 across South America. Discussion: The NCEP CFS V2 offers clues as to the prevailing climate pattern across Brazil and Argentina into early meteorological summer. The November upper air forecast…
Summary: Brazil shipped 425,000 MT of soybeans this past week, the smallest in 37 weeks. There were just 3,000 MT shipped from Argentina. US soybean exports are estimated at 2.625 MMT. Brazil’s October exports could be 3.45 MMT. USDA’s projection for total exports is a record 86.5 MMT. Shipments are slightly ahead of the pace need…
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