U.S. Week 2-4 Outlook: Warmth becomes biased toward Central U.S.
Highlight: Warmth becomes biased toward Central U.S. Charts of the day: Best forecast model – medium-range – precipitation bias. Discussion: The European Ensemble has shown (not surprisingly) the best skill scores and lowest precipitation bias amongst all operational models the past 30 days for medium-range precipitation forecasts. The wet bias is consistently in the Missouri…
US Soybean and Corn Sales Record Large for early March; GASC Books 360,000 MTs of E European/Black Sea Wheat; Midday GFS Forecast Wetter for Argy
AgResource Farm Marketing Advice for Thursday: 1/ Livestock Feeders: May and forward soymeal as offering an attractive purchase price below $404/ton. Move purchase coverage up to 75% thru the summer on any price fall in May soymeal to $404 and below. Clients may have to secure futures since crushers are not offer cash meal beyond…
Egypt’s GASC Pays $297.40 MT (C&F) for Romanian Wheat.
Summary: Today, Egypt’s GASC purchased 360,000 MT of wheat from Romania (for shipment in Apr 15-25). The FOB price paid today is $283.16 MT. That is down $10.57 MT from the price paid at the last tender 6 weeks ago. The CIF price paid was $299.07 MT. That is $12.51 MT below the last tender…
