CBT Corn Tests Early Nov High on Inflation-Inspired Fund Buying: CBT corn futures ended 5-8 cents higher as funds continue to pile into new long positions. US/world inflation is no longer viewed as transitory and at $5.85, March, corn is still viewed as having value when compared to $80 WTI crude. ARC maintains that rallies…
Soybeans End the Week With Strong Gains: CBT soybean futures rallied to strong gains on Friday on fund buying and record large weekly soybean exports. The weekly Export Sales report showed that weekly exports rose to a marketing-year high of 136 Mil Bu. This is 39 Mil Bu MORE than the FGIS inspections report on…
The world wheat market outlook remains bullish as it’s easy to see the chores that must be accomplished over the coming weeks and months – namely to slow down import demand growth via demand rationing. AgResource also expects the EU market to guide US futures to fresh highs in mid to late winter, as the…
Soaking Rain Impacts Argentina Next 72 Hours; Lengthy Period of Dryness Probable Thereafter: The South American forecast into the end of November is viewed as mixed. Rainfall of .50-2.50” will impact all of Argentina’s primary Ag Belt this weekend, which will sustain positive near-term soil moisture anomalies there. South American rainfall shifts abruptly northward beginning…
Central US Cold to be Short Lived: Freezing lows will be spread across all but the Southern US over the next two weeks. Lows in the teens are probable across the Northern Plains and Upper Great Lakes region. However, short- and long-term models are in agreement that this cold pattern will be transitory, and that…
