Highlight: Great Plains go dry after a few wet days this week. Brazil wet pattern continues while Argentina trends drier. Fig. 1-3: The mega-cluster ensemble “most likely” percent of normal precipitation forecast for days 1-15 across North America. North America precipitation: This week features heavy rain across the North-central U.S. with heavy snows for the…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 2 cents lower to 1 cent higher, 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 slightly lower. Friday’s weak CBOT close is expected to produce some early selling pressure,…
Summary: Brazil shipped 445,000 MT of soybeans this past week. There were 71,000 MT shipped from Argentina. US soybean exports are estimated at 470,000 MT. Brazil’s October exports could be 3.0 MMT. USDA projection is a record 86.5 MMT. Exports are slightly ahead of the pace need to meet the USDA’s projection. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Last week Brazil…
CRB Index The CRB index marched higher with the bull market in energy accelerating on tightening supplies. WTI crude oil rise to $80/barrel, its best levels since 2014 amid underinvestment and booming world demand. Declining US crude oil supplies heading into the cold season amid rising world demand is lifting world crude, natgas and coal…
Summary: Last week Brazil exported 328,000 MT of corn. Argentine exports were 509,000 MT. Ukraine shipped just 60,000 MT . US corn exports are estimated to be about 470,000 MT. Data indicates that 1.98 MMT will be shipped in October. USDA’s latest WASDE projection of Brazil’s exports was 22 MMT, down 1 MMT from the…
