Late-Season Strength in Brazil’s Corn Exports Continues. Final Exports Could Be 2-3 MMT Above USDA’s Nov Projection.

AgResource Plus

Summary:  Last week Brazil exported 731,000 MT of corn. Argentine exports are estimated to be  were 750,000 MT. Shipments from Ukraine are estimated to be 1.05 MMT.  US corn exports are estimated to be 750,000 MT. Commitments rose 1.40 MMT, the 3rd  week in a row that commitments increased 1 MMT.  Commitments have accounted for…

Brazil’s Soybean Exports On Track to Exceed USDA’s Projection by 1+ MMT.

AgResource Plus

Summary: Brazil shipped 700,000 MT of soybeans this past week. Argentine exports are estimated to be just 15,000 MT.  Soybean exports from the US are estimated at 2.32 MMT. Brazil’s December exports could be 2.57 MMT. USDA’s projection for total exports is a record 87.0 MMT.  “Pace analysis” suggest final exports could be 88.15 MMT. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++…

AgResoure Sunday Commentary; CBOT Called Steady to Slightly Higher on South American Weather; Rising Political Tensions with Russia; China Corn Demand

All Members, Sunday Commentary

AgResource Pre Opening Sunday CBOT Calls Are; Soybeans 1-3 cents higher, corn steady to 2 cents higher with wheat called 2-4 cents higher.    Sunday Weather & CBOT Market Discussion: Opening week CBOT calls are steady to slightly higher. Corn, soy, and wheat futures should push to the upside early this week as the 2-week…