Click here to view the data G-3 soybean shipments to China this past week were 927,000 MT, down from the previous week’s 1.74 MMT and less than half what shipments were last year. G-3 cumulative shipments to China are estimated to be 81.73 MMT. That’s up 461,000 MT (0.6%) from a year ago. But it’s…
Discussion: Most climate diagnostics point toward developing La Nina as move into August. The July 2021 southern oscillation index (SOI) was ROBUSTLY positive indicating a strong La Nina climate is reorganizing (Fig. 1). The Nino SSTA regions were dramatically cooler except still warm off the northwest coast of south America (Fig. 2). Most vivid is…
Charts of the day: Most likely upper air in 15 days. Discussion: The mega-cluster ensemble 360-hour forecast of the upper air pattern identifies the low confidence as the most likely projection is a Northeast U.S. trough while 2nd-most likely projection features a ridge in the same area. Medium-range 6-10 Day Forecast Valid July 31-August 4,…
Summary: Brazil shipped 1.22 MMT of soybeans this past week. There were 179,000 MT shipped from Argentina. US export inspections are estimated to have been 160,000 MT. The Brazil ship lineup indicates that 9.72 MMT could be shipped in July. In the July WASDE, the USDA lowered its projection for Brazil’s local marketing year exports by 1…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 10.75 cents at $13.41, Dec corn is down 3.50 cents at $5.395 with Sept Chi wheat down 11.00 cents at $6.7275. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures opened the week higher and quickly…
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