Summary: Today, Egypt’s GASC purchased 180,000 MT of wheat from Ukraine and Romania for shipment in Sep 20-30. The average FOB price paid was $245.39 MT. That is up $13.51 MT from the average price paid at the last tender two weeks ago. The cheapest Russian offer was $5.50 MT above the lowest Ukrainian offer. …
AgResource Farm Marketing Advice for Tuesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are up 15.75 cents at $13.735, Dec corn is up 3.50 cents at $5.395 with Sept Chi wheat down 1.75 cents at $6.7525. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures pushed higher overnight on the fall…
Charts of the day: This week features record warmth. Discussion: Record warmth this week central into eastern continent. The wet pattern clings to the South Coast while the remainder of Australia is dry. Week-2 Ahead Forecast valid August 1-7, 2021: Sharply cooler! Discussion: Big pattern change as a cool trough roars into Australia. Unfortunately, the…
Highlight: Days 6-10 are cooler but widespread heat could return days 11-15. Wetter Southwest while Midwest is drier. Chart of the day: Rainfall required to eliminate drought. Discussion: Rainfall needed to eliminate drought remains prohibitive across California, the Northwest and North-central U.S. Rainfall deficits have eased due to the wet monsoon pattern in the Southwest…
Southern Europe drought developing.
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