Summary: Brazil shipped 4.05 MMT of soybeans this past week. Argentine soybean exports were 48,000 MT. US export inspections are estimated to be 105,000 MT. Ship lineup indicates a total of 17.15 MMT will be shipped for the month of April. We estimate that 1-1.5 MMT of that will be rolled over for shipment at a later…
Highlight: Cool pattern for last third of April (except warm in California). Chart of the day: Early May upper air pattern. Discussion: GFS ENS projection of the upper air pattern for the first week in May indicates home base locations for cool upper trough(s) over the Northwest and Northeast U.S. while the ridge position supporting…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. 6:30 AM CT CBT Prices: May soybeans are down 8.00 cents at $13.945, May corn is up 2.00 cents at $5.7925 while May Chi wheat is down 6.00 cents at $6.3275. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! The week has started out mixed…
Fig. 1: The ECM ENS Canadian/Northern U.S. spring wheat springtime snow storm forecast. Discussion: Drought conditions across the Canadian Prairies into the northern Great Plains are greeted with a late season snowstorm early this week. A slow-moving storm drifting into Minnesota invites cold air from Northwest Canada southward causing all precipitation to fall as snow.…
Highlight: Short-term heavy snows for U.S./Canada spring wheat, Southeast Europe to Black Sea region is wet and needed South America rains days 6-10. Discussion: A review of the 15-day precipitation anomaly forecasts using the mega-cluster ensemble for North America, Europe/Western Russia and South America is offered in the morning report. Highlights include heavy snows across…
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