G-3 Soybean Exporters up 4.2 MMT (7.2%) from last year
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U.S. Medium-range Forecast: Overall, a warmer look.
Chart of the day: A weaker -PNA forecast. Discussion: Last week’s -1.0 to -1.5 PNA index forecast meant business…Cool Northwest, wet Central and warmer East. However, over-the-weekend the -PNA forecast is weaker therefore the previous “guarantees” are less well-supported. Medium-range 6-10 Day Forecast Valid May 15-19, 2021 Medium-range 11-15 Day Forecast Valid May 20-24, 2021…
Monitoring U.S. Medium-range Forecasts For Possible Increased Rainfall
Highlight: Weaker -PNA is less supportive of a wet Great Plains pattern change. Fig. 1: -PNA forecast is less bold than last week. U.S. discussion: Last week a stronger negative phase of the Pacific North America (-PNA) index was forecast. Strong -PNA favors a cool upper trough over the Northwest U.S. which induces moist southerly…
CBT Corrects on Better Weekend Rain for IL/IA Ahead of USDA May Report; China Buys Ukraine and Canadian Corn; Dryness to Remain for N Plains/Prairies
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CT CBT Prices: July soybeans are down 6.5 cents at $15.835, July corn is down 8.00 cents at $7.2425 while July Chi wheat is down 13.50 cents at $7.4825. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! CBT values came under pressure overnight…
CBT Called Slightly Lower on Better Weekend Rain Across Iowa/Illinois; Forecast Shows No Pattern Change into May 20th; Brazilian Drought Historic
AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 3-5 cents lower with corn/wheat 2-4 cents lower. Weekend Weather and CBOT Market Discussion: Happy Mother’s Day! Opening week calls are slightly lower on the better-than-expected weekend rainfall across the NW Midwest. The rains may spark some early week profit taking ahead of Wednesday’s USDA’s May Crop…
