Summary: Brazil shipped 345,000 MT of soybeans this past week, the lowest weekly exports in 45 weeks. There were no Argentine exports. Soybean exports from the US are estimated at 1.925 MT. Brazil’s December exports could be 2.50 MMT. USDA’s projection for total exports is a record 87.0 MMT. “Pace analysis” suggest final exports could be…
NOAA/NWS widespread weather warning, watch and advisory areas in the U.S.
Highlight: North/Northeast Argentina dry and hot climate to evolve. Chart of the day: Morning weather satellite view of South America. Discussion: The morning satellite view of South America weather reveals a semi-permanent pattern likely to last well into summer. The low-pressure are well southeast of Brazil is a generally locked-in feature over a cool SSTA…
The world wheat market has experienced its first meaningful correction of the bull market as price digests record large Australian production, and slightly higher than expected crop sizes in Russia, Europe, and Canada. The extra supply is nothing more than a nuance. ARC maintains a bullish wheat outlook that’s centered on rising global trade and…
