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 303,000 MT from the previous week but cumulative exports are up 6.7% from a year ago. USDA projects global soybean exports to be up…
Charts of the day: GFS 10-day U.S. percent of normal rainfall forecast and North America soil moisture anomalies. Discussion: The tendency for extreme rain centered on Louisiana in April is expanding in May in the Mid-south U.S. region. The 10-day forecast indicates possible excessive rainfall amount in Texas, the southern Great Plains and maintains Louisiana.…
Highlight: Texas to southern Great Plains is soaking wet ahead. Fig. 1-2: The GFS 10-day percent of normal rainfall forecast (left) and daily North America soil moisture anomalies. U.S. discussion: The GFS 10-day rainfall forecast best identifies the expected character of the rainfall regime over the next 10 days (Fig. 1). A wet fetch out…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are up 30.00 cents at $16.4475, July corn is up 6.25 cents at $7.2825 while July Chi wheat is up 4.00 cents at $7.4575. AgResource Morning Grain/Soy Comment & Analysis: Good Morning – it is a USDA Report…
Charts of the day: 30-day South America rainfall and current soil moisture. Discussion: The 30-day rainfall pattern across South America emphasizes dryness in south/southeast Brazil while central Argentina is wet. Soil moisture anomalies reflect the recent rainfall pattern as southern Brazil drought has intensified while Argentina soils trend wetter. Week-2 Ahead Forecast valid May 17-23,…
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