Climate Impact Report: South America Season 1-3 Ahead Outlook
Drought concern for Argentina to Southeast Brazil for summer of 2021-22.
US Corn Inspections Could Be 750,000 MT (30 MBU) Next Week. Includes 250,000 MT to China.
Summary: The lineup of ships waiting or scheduled to load US corn is 444,000 (17 MBU), up 48% from the previous week. Corn export inspections could be 750,000 MT (30 MBU). There were 40 vessels to-be-nominated (TBN), 45% of all the vessels. The more vessels that are TBN the more difficult it is to accurately estimate…
AgResource Mid-Day Commentary; Wheat Falters as Offers Submitted to Saudi in Weekend Tender; China Still Securing Ukraine Corn, China TRQ’s Coming?
AgResource Farm Marketing Advice for Friday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop if March Chi wheat reaches $8.80. This would push 2021 cash wheat sales to 75%. It has been a summer row crop rally at the CBOT this morning as corn/soy futures rises, while wheat sags on the fading hope…
US Soybean Export Inspections Could Be Over 2+ MMT For the 8th Week in a Row.
Summary: The lineup of ships waiting or scheduled to load US soybeans is 2.52 MMT (92 MBU), down 12% from the previous week. Soybean export inspections could be 2.32 MMT (85 MBU), up 19%. There were 40 vessels to-be-nominated (TBN), up from last week. Export commitments to China are 20.39 MMT , up 657,000 MT from…
AgResource Breaking Analysis; Stats Canada Crop Sizes as of November 1st
Stats Canada Production of Principle Field Crops November 2021: Report bullish of Durum and Canola Prices, bearish for Spring Wheat values. The biggest impact will be on intermarket wheat spreads while vegoils are supported by smaller canola crop.
