CBT futures have been sinking since the opening bell on fund selling and a rumor that China may have sold 1.0-1.5 MMTs of soybeans from their reserve to help short bought crushers manage nearby supplies. The Chinese rumor has yet to be confirmed, but crushers are in one of their closest bought positions in years.…
Click here to view the data US corn export inspections could be 615,000 MT (24 MBU) next week. Ship lineup data indicates that 47% of that is destined for China (285,000 MMT – 11 MBU). Based on the pace of inspections this last week, total US AUGUST corn inspections are expected to be 3.12…
Summary: With 98% of the wheat area harvested, Ukraine’s cumulative average wheat yield is a record. Consequently, Ukraine is projected to have a record crop of 33 MMT (vs last year’s 25.4 MMT). This will partially offset the lower-than-expected Russian and Kazakh crops.. +++++++++++++++++++++++++++++++++ On Aug 20, Ukraine’s cumulative average wheat yields (bunker weight) was…
Chart of the day: New England rainfall associated with Henri. Discussion: Rainfall associated with Henri across southeast/east New England is indicated by the GFS. The model indicates close to 8 in. along the forecast track from Providence, RI to just west of Boston. Medium-range 6-10 Day Forecast Valid August 25-29, 2021 Medium-range 11-15 Day Forecast…
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