Summary: Brazil shipped no soybeans last week. Argentine exports were “zero”. US export inspections are estimated to be 2.00 MMT. However, there is 770,000 MT in the lineup scheduled to ship in January. We do not expect all of that will be shipped by Jan 31. USDA is expected to raise its projection for Brazil’s…
Due to the release of the USDA’s January reports, the next edition of the AgResource Weekly Newsletter will be published on Wednesday, January 13.
Charts of the day: Most likely upper air forecast in 10 and 15 days. Discussion: The mega-cluster ensemble day-10 and day-15 most likely upper air pattern forecast indicates a chilly upper trough over the North-central U.S. on day-10 shifting westward and amplifying by day-15. Note the upper ridge pattern in 15 days in the East.…
Big chill into Europe while Australia trends drier.
AgResource Farm Marketing Advice for Monday: 1/ Wheat Producers: Exit 25% of 2021 wheat hedges basis July Chi futures at $5.86. 6:30 AM CBOT Prices: March soybeans are up 6.25 cents to $13.81, March corn is unchanged at $4.9625 while March Chi wheat is down 1.00 cent at $6.3775. AgResource AM CBOT Comment &…
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