Daily AG Market Note: Patchy showers/thundershowers across Canadian Prairies.

Highlight: Patchy showers/thundershowers across Canadian Prairies. Fig. 1: Current NOAA/NWS weather watch, warning and advisory areas. Discussion: Flood Watch areas shift eastward to mostly the Continental Divide region today while new (excessive) heat re-emerges in the Desert Southwest (Fig. 1). Poor air quality remains widespread affecting the eastern Rockies plus Upper Midwest States. The Central…

Brazil exported 1.35 MMT of soybeans last week. July shipments could be 8.44 MMT. August shipments could be 5.05 MMT.

Summary:   Brazil shipped 1.35 MMT of soybeans this past week. There were 124,000 MT shipped from Argentina. US export inspections are estimated to have been 170,000 MT. The Brazil ship lineup indicates that 8.44 MMT were shipped in July. In the July WASDE, the USDA lowered its projection for Brazil’s local marketing year exports by 1 MMT…

CBT Mixed with Sharp Fall in Palmoil Futures Pressuring Soybeans/Soyoil; Wheat Rallies on Smaller Russian Crop; NASS Condition Rating Fall?

AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 6.00 cents at $13.4325, Dec corn is up 1.00 cents at $5.4625 with Sept Chi wheat up 15.00 cents at $7.19. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures mixed in opening week trade. Winter…