Summary: The lineup of ships waiting or scheduled to load US corn is 639,000 MT (25 MBU). That is up 14% from the previous week. This week’s corn export inspections could be 1.575 MMT (50 MBU). That would be down 1% from the previous week. There were 24 vessels to-be-nominated (TBN). The more vessels that are TBN the…
Argentina halted exports of soymeal and soyoil this afternoon. The halt occurred just as the Gov’t promised 2 weeks ago to Argentine farmers that they would not intervein to slow the export pace due to rising food costs. However, it’s expected that any Argentine halt of soy product exports is based on the government’s desire…
A review of U.S. medium-range precipitation forecast bias. Europe looks dry while Argentina trends drier.
AgResource Pre Opening Sunday CBOT Calls: Soybeans 5-12 cents higher, corn 4-8 cents higher with wheat called 10-20 cents higher. Opening week CBOT calls are higher as Russia’s war against Ukraine escalates. The Russians stepped up their attacks on Ukraine including the western front adjoining Poland. Putin continued to target civilian targets. There is…
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