AgResource Pre Opening Sunday CBOT Calls: Soybeans 1-4 cents higher, corn steady to 2 cents higher with wheat called 2-6 cents higher. Opening week CBOT calls are steady to slightly higher with US wheat futures to pace this week’s advance. Ukraine has ruled out a cease fire and territorial concessions to Russia with fighting stepped…
The latest 15-day outlooks are wetter in the Great Plains and northern half of Europe.
Increasing dry concern for east-central/east portions of China regarding a drier climate pattern.
Summary: Brazil shipped 2.18 MMT of soybeans this past week (May 20). After several months of no shipments, Argentine exported 10,000 MT of soybeans. Soybean exports from the US are estimated to be 525,000 MT. The lineup indicates that Brazil’s May shipments could be 11.6 MMT. Total Brazilian export commitments are 49.3 MMT, the 3rd highest…
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