Summary: Brazil shipped 1.65 MMT of soybeans this past week. Argentine soybean exports were 20,000 MT. US export inspections were 104,000 MT. The Brazilian ship lineup indicates that 11.0 MMT could be shipped in June. In the June WASDE, the USDA raised its projection for Brazil’s local marketing year exports by 650,000 MT to a…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are up 14.25 cents at $13.44, July corn is up 6.50 cents at $6.43, and July Chi wheat is up 11.00 cents at $6.48. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures opened mixed to higher…
Fig. 1: ECMWF 10-day rainfall forecast for the U.S. AG Belt. U.S. discussion: The ECMWF 10-day forecast indicates the core of the heavy rainfall shifting southward to New Mexico, Texas and the Gulf States while a plume of heavy rain extends northeastward to Missouri and another to the Tennessee Valley (Fig. 1). The southern shift…
Highlight: Northwest to North heat. Wet South and into the East. Extended-range thunderstorms for California. Chart of the day: Warm season 2021 U.S. monthly CDD anomalies Discussion: The projected CDD anomalies for the U.S. during each month of the warm season reveals the scorching hot month of June but wetter/tropical influences suppress heat risk for…
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 2 cents lower to 5 cents higher, corn 1 cent lower to 3 cents higher with wheat called 2-7 cent higher with Minneapolis futures being the strongest. Sunday Weather and CBOT Market Discussion: Opening week CBT calls are mixed to slightly higher. The June USDA Stocks/Seeding Report…
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