AgResource LATAM, Feb 17
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Wheat Paces Decline as Tuesday’s Buyers are Wednesday’s Sellers; WASDE Unlikely to Offer Bearish New Crop Balance Sheets; Argentina Forecast Stays Arid
It has been a mixed session at the CBOT with corn/soy futures trading both sides of unchanged while wheat has retraced yesterday’s gain. CBOT midday volume has been modest with China and most of South America still out for holidays. For today, the sagging wheat has been a bearish catalyst for the summer row crops,…
U.S. Medium-range Forecast: Amplitude of warm/cold anomalies lowers.
Highlight: Amplitude of warm/cold anomalies lowers. Chart of the day: Plethora of weather warnings continue. Discussion: Widespread Winter Storm Warning’s are posted for a variety of weather including heavy snow and heavy accreting ice from East Texas to the Mid-Atlantic States. The warning is likely to extend to New England tomorrow. Severe thunderstorms will affect…
Weekly Global Crop Exports
Click here to view the data Sir/Ms: Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were down 608,000 MT from the previous week but cumulative exports are up 9.7% from a year ago. USDA projects global soybean exports to be up…
