G-3 cumulative exports to China 30.0 MMT, up 5.2 MMT (21.0%) from LY
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G-3 cumulative exports to China 30.0 MMT, up 5.2 MMT (21.0%) from LY
Click here to view the data
U.S. Week 2-4 Outlook: Western cold SLOWLY shifts eastward.
Highlight: Western cold SLOWLY shifts eastward. Chart of the day: Mid-winter U.S. snow cover behind schedule. Discussion: U.S. snow cover is lagging behind normal especially across the northwest Great Plains, central Plains to Ohio Valley and coastal Northeast Corridor. Week-2 Ahead Forecast valid February 1-7, 2021: Turning warmer East, chill (and snow) return to Southwest.…
CBOT Futures Soar on Commercial Buying; Need for US Soybean Demand Rationing; Brazilian Harvest Delays
CBOT futures have rallied sharply to start the week as SE Asian hedge fund selling has ended and commercials have stepped forward to extend their coverage. There are air pockets above and below the market with limited selling noted until March corn reached $5.10 and March soybeans $13.45. The wheat rally has not been as…
U.S. Medium-range Forecast: Central warmth days 6-10 shifts into the Northeast days 11-15.
Highlight: Central warmth days 6-10 shifts into the Northeast days 11-15. Charts of the day: Two most likely upper air patterns in 15 days. Discussion: The most likely upper air pattern in 15 days based on the mega-cluster ensemble is location of the polar vortex over Alaska. The “caveat” forecast is a Central Canada location…
