Charts of the day: March 2021 climate so far. Discussion: March 2021 so far has featured a warm pattern across central North America, common during winter 2020-21 (except in February). In March, California has been the cool spot. The precipitation pattern has featured heavy amount centered on Kansas while dryness has dominated the Northeast Corridor…
Highlight: Showery trend East Brazil, Argentina is a little drier. Charts of the day: March 2021 climate so far. Discussion: The late warm season climate across South America is warmer than normal across Eastern Brazil while Northeast Argentina has been temperate and Central Argentina very warm. The precipitation pattern has featured dryness across northeastern Brazil…
The CBOT is mixed at midday with soybeans, corn, and wheat futures trading either side of unchanged. Soybeans/soyoil have endured additional long liquidation while the grain markets are bouncing in thin volume trade. Wheat has paced the morning rally as traders try to assess the logistical/cost impact of the stuck container vessel in the Suez…
Summary: Next week’s soybean export inspections could be 330,000 MT (12.1 Mil Bu). That would be down 33% from this past week. This week’s ship lineup is NO MT. Last week’s was at is 192,000 MT. This is the lowest ship lineup in at least 5 years. However, there were  35 vessels to-be-nominated (TBN). That is up sharply…
A period of dryness ahead for the Great Plains while medium-range forecasts are wetter East Brazil.
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