AgResource Farm Marketing Advice for Friday: 1/ No new advice. CBOT futures are mostly lower at midday with corn, soybeans and wheat enduring profit taking ahead of the 3-day US weekend. The CBOT will be closed on Monday for the Martin Luther King Holiday. The volume of CBOT trade has tailed off as China and…
Summary: Next week’s soybean export inspections could be 1.88 MMT (69.1 Mil Bu). That would be up 6% from this past week. This week’s ship lineup is 2.239 MMT. That is down 14% from last week. There were 8 vessels to-be-nominated (TBN). That is the smallest number in several years. This past week there was 19…
Highlight: Another short-term heavy rain episode in Argentina. Fig. 1: Morning weather satellite view of fronts and rain areas affecting South America. South America rainfall outlook: Another very dynamic cold front has shifted into eastern Argentina with attendant heavy rain (Fig. 1). The GFS indicates the attendant front will move into northern Argentina the next…
Highlight: Colder pattern ahead for not excessive. Chart of the day: The -PNA pattern ahead indicates a cold bias in the West. Discussion: The Pacific North America (PNA) pattern is forecast to flip very negative during the next 2 weeks. During -PNA patterns Southwest Canada/Northwest U.S. temperature bias is cold and can be VERY cold…
