Summary: The lineup of ships waiting or scheduled to load US soybeans is 2.77 MMT (102 MBU), up 10% from the previous week. Soybean export inspections could be 1.925 MMT (71 MBU), down 14% from this past week. There were 42 vessels to-be-nominated (TBN). Export commitments to China are 20.98 MMT , up 593,000 MT from the…
Pattern to stay cold West and warm Central/East U.S.
Fig. 1: Climate Impact Company ENSO phase probability forecast for 2022. Executive summary: The monthly Climate Impact Company ENSO Outlook for 2022 indicates ongoing La Nina will peak in January, steadily weaken by quarter 2 of 2022 shifting into neutral phase and possibly trend toward El Nino late this year (Fig. 1). Forecast confidence is…
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. 6:30 AM CT CBT Prices: Jan soybeans are up 1.5 cents at $12.66, Mar corn is down 2.00 cents at $5.8975 and March Chi…
Warm pattern to continue East/South into early January.
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