Climate Impact Report: Midwest U.S. in-and-out of warm weather/mostly dry in latest week 2-4 outlook.
The latest U.S. week 2-4 outlook is issued.
Next Weekly Newsletter to be Published Wed, June 22
Due to the Juneteenth holiday in the US on Monday, the next edition of the AgResource Weekly Newsletter will be published on Wednesday, June 22nd.
AgResoure Holiday Commentary; CBOT Called Mixed to Higher; Central US Dryness to Worsen; Odessa Hit Again by Russia
Pre-Opening Sunday CBOT Calls: Soybeans 6-12 cents higher, corn 4-7 cents higher with wheat called 1-4 cents lower on harvest hedging. Opening week CBOT calls are mixed to higher. Crop threatening Central US weather and fresh missile attacks against the Port of Odessa will boost corn/soy futures in the holiday shortened week with corn being…
Climate Impact Report: La Nina continues to weaken. But further weakening is likely temporary.
Oceanic La Nina continues to weaken.
Brazil’s June Soybean Exports Could Be 11-12 MMT.
Summary: Brazil shipped 2.78 MMT of soybeans this past week (Jun 17). Argentine exports are estimated to be 100,000 MT. US exports are estimated to be 335,000 MT. The lineup indicates that Brazil’s June shipments could be 11.4 MMT. Total Brazilian export commitments are 57.4 MMT, the 3rd highest for this week. In the June WASDE,…
