As of Oct 24, EU cumulative wheat and product exports were 9.41 MMT. That’s up 1.90 MMT (29%) from a year ago. USDA projects total EU wheat (and product) exports will be a record 35.5 MMT, up 5.77 MMT (19%) from last year. However, this year’s EU customs surveillance data is incomplete. France, which is…
Heavy rain and strong winds have delayed harvest and will increase yield loss and lead to quality problems. We knew harvest was going to be difficult this year due to disease pressure and poor stalk quality in some areas. But the last week’s weather has exacerbated the problem. We think yields will suffer and look…
Summary: China’s “spot” soybean crushing margin is 209 Yuan/MT, up 84 Yuan from a week ago. The “forward” margin is 572 yuan/MT, up 49 Yuan from a week ago. The record forward margin is attributed to low new-crop Brazilian FOB prices and strong forward cash prices offered for soymeal and soyoil. The forward margin is…
Climate Signals ALERT Chart Days 6-10 Days 11-15 Arctic Oscillation Negative Weak Negative North Atlantic Oscillation Weak Negative Weak Negative Pacific North America Positive Weak Positive West Pacific Oscillation Weak Positive Negative East Pacific Oscillation Negative Neutral Madden Julian Oscillation West Indian Ocean East Indian Ocean Climate signals discussion: -AO/-NAO supports a cooler outlook…
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 1.50 cents at $12.3575, Dec corn is down .75 of a cent at $5.3725 with Dec Chi wheat down 2.00 cents at $7.575. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Overnight CBT grains tried to rally…
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