Highlight: Dryness ahead for the Great Plains, East Australia and (new) Argentina rains plus Western Europe chill. Fig. 1-3: Current U.S. soil moisture anomalies and the trend (so far) during November plus the GFS ENS 10-day precipitation anomaly forecast. U.S. discussion: Soil moisture conditions across the U.S. indicate plenty of dryness recently most prominent in…
Summary: Brazil shipped 366,000 MT of soybeans this past week, the smallest in 43 weeks. There were just 17,000 MT shipped from Argentina. US soybean exports are estimated at 2.165 MMT. Brazil’s November exports could be 2.75 MMT. USDA’s projection for total exports is a record 87.0 MMT. Shipments are slightly ahead of the pace need…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 1 cent lower to 2 cents higher, corn steady to 1 cent higher with wheat called 2-4 cents higher. Sunday Weather & CBOT Market Discussion: Opening week CBOT calls are mixed to slightly higher. It’s a US holiday week with the CBOT closed on Thursday for…
Summary: Last week Brazil exported 626,000 MT of corn. Argentine exports are estimated at 660,000 MT. Ukraine shipments are estimated to have been 875,000 MT. US corn exports are estimated to be about 390,000 MT. Brazil’s total corn export “commitments”, for the local marketing year, are 16.16 MMT vs 30.82 MMT last year. Commitments rose…
CRB Index The CRB index closed lower on the week as energy values plummeted on news of a potential coordinated release of strategic energy reserves from the US/China and others. Also, the US dollar rallied to strong gains as Covid takes a stronger economic grip on Europe and the US Central Bank talks about more…
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