Click here to view the data Sir/Ms: Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 305,000 MT from the previous week but cumulative exports are up 5.7% from a year ago. USDA projects global soybean exports to be up…
Fig. 1-2: Asia 30-day percent of normal rainfall and the 15-day rainfall anomaly forecast across East Asia by GFS. China discussion: After a wetter than normal winter/early spring the soybean and wheat growing areas in China have turned drier. The 30-day percent of normal rainfall observations reveal dryness in the majority of this growing area…
Canadian Prairies/Northern U.S. Spring Wheat Drought Eases South America rainfall risk increases. Fig. 1-3: Mega-cluster ensemble “most likely” 15-day rainfall anomaly forecast for the U.S. U.S. discussion: The consensus of rainfall amount forecasts across the U.S. spring wheat crop area is in the several inches range over the next 15 days. Rainfall deficits of 4-7…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are down 18.25 cents at $15.56, July corn is down 6.50 cents at $6.5175 and July Chi wheat is down 14.00 cents at $6.84. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT futures were lower overnight as…
Highlight: Incoming frontal systems bring needed rain to Southeast Brazil. Charts of the day: The 5-day outlook. Discussion: GFS forecast for the next 5 days indicates a hot spike centered on Paraguay ahead of a cold front that cools-off northeast Argentina while delivering significant rainfall. The front will cause some minor (but needed) rainfall late…
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