AgResource Pre Opening Monday CBOT Calls Are; Soybeans 1 to 3 cents higher, corn 1 to 2 cents higher with wheat called steady to 2 cents higher. Monday Weather & CBOT Market Discussion: Opening week CBT calls are slightly higher on continued disappointing corn yield results across the E Midwest. A slew of diseases including…
CRB Index The CRB index rallied to a slightly higher close with energy values rising but finishing well off their weekly high. Spot WTI crude oil tested $73.00 resistance on strong demand and the infrastructure Gulf offloading damage. The US economy is slowing, but not breaking on the Delta Covid variant. Americans are losing their…
Summary: US corn export inspections could be 320,000 MT (13 MBU) next week. Ship lineup data indicates that 30% of that is destined for China (4 MBU). +++++++++++++++++++++++++++++++++++ Based on the ship lineup, total US SEPTEMBER corn inspections are expected to be 1.71 MMT (67 MBU). SEPTEMBER exports to China are estimated to be 515,000…
Summary: Monday’s soybean export inspections could be 435,000 MT (16.0 Mil Bu). This week’s ship lineup is 1.15 MMT. That is the largest in 8 months. There were 34 vessels to-be-nominated (TBN). This past week there was 5 vessels (337,000 MT) that departed for China. There are 13 vessels (847,000 MT) in the lineup that are destined…
AgResource Farm Marketing Advice for Monday: 1/ No new advice.
