Climate Impact Report: Watching a Midwest U.S. dry trend. Reliably hot Texas. Elsewhere changeable in latest week 2-4 outlook.
Midwest U.S. dryness is the forecast for most of the next 4 weeks.
US Soybean Ship Lineup Falls to Just One Vessel.
Summary: The lineup of ships waiting or scheduled to load US soybeans is 70,000 MT or 1 vessel. There were 24 vessels to-be-nominated (TBN). Next week’s soybean export inspections could be 475,000 MT (17.5 MBU). That would be down 18% from the previous week. USDA raised their projection of US exports by 15 MBU to 2,140 MBU, but…
ARC Mid-Day Commentary; Rumors of China Buying 500,000 MTs of World Corn; Spot Midwest Cash Soybean Basis On Fire; Planting Progress Important on Tuesday
AgResource will release our Weekend Summary after the CBOT close. CBOT grain futures are sharply higher at midday with July soybean futures pushing to new contract highs at $17.44. Corn/wheat futures posted strong gains as the news spread that Russia will not back down from its demands that western sanctions be dropped in return for…
Next Week’s US Corn Inspections Could Be 1.6 MMT. May’s “Census” Exports Could Be 7.45 MMT With 2.3 MMT Going To China..
Summary: The lineup of ships waiting or scheduled to load US corn is 950,000 MT (37 MBU). That is up 2% from the previous week. This week’s corn export inspections could be 1.60 MMT (63 MBU). That would be down 6% from the previous week. There were 24 vessels to-be-nominated (TBN). That’s down 1 from the previous week.. The…
ARC Morning Commentary; Putin Says Take Down Sanctions for Ukraine Grain Export Corridor – US/NATO Says “No Way”; World Corn Basis Jumps
AgResource Farm Marketing Advice for Friday: 1/ No New Advice: 6:30 AM CT CBOT Prices: July soybeans are down 1.00 cent at $17.255, July corn is down 1.5 cents at $7.635 with Chi July wheat down 6.00 cents at $11.375. AgResource AM Grain/Oilseed Comment/Analysis: Good Morning! CBOT futures are slightly lower with Russia (Putin) tying…
