AgResource LATAM, Apr 6
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World Wheat Markets End Mixed but Little Changed: Global wheat futures ended mostly flat in a low-volume consolidative session. Breaking news is absent, but there’s still no indication that peace will be reached in Ukraine, while 30-day Central US weather forecasts have trended drier. Odds heavily favor US pattern stagnation, with potentially excessive rainfall in…
Corn Consolidates; Outlook Bullish on Brazilian Dryness: CBOT corn futures did little on Wednesday following the recent 2 day/$.20 rally. ARC expects CONAB to leave its safrinha and total Brazilian corn production estimate unchanged in Thursday’s release. The USDA’s April WASDE will feature lower US end stocks as US corn exports must be raised 50-100…
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