Climate Impact Report: Great Plains heat and dryness becomes locked-in, drought widens.
The latest U.S. week 2-4 outlook.
The latest U.S. week 2-4 outlook.
Drought expansion into southwest Corn and across Soybean areas is announced by NOAA.
Soybeans Finish Mixed on Nearby Strength: July soybeans rallied 21.75 cents ahead of expiration to finish at $16.10/Bu versus $14.68 last year. The rest of the soybean market was down 7-13 cents. July soymeal finished at a new contract high at $497.30, while July soyoil settled at 59.80 cents. The FAS US export sales report…
USDA in its July WASDE increased global wheat import demand by 1.3 MMTs to a record 202.7 MMTs. The market is intensely concerned over demand destruction but year-over-year contraction in world trade is highly unlikely due to reduced production in North Africa & the Middle East along with higher projected domestic consumption in East Asia.…
CBOT Corn Shrugs Off Financial Weakness; Central US/European Weather Critical in next 45 Days: CBOT futures added modest weather premium as forecasts have extended widespread dryness/extreme Plains/W Midwest heat into the final days of July. This summer pattern is stable and extended range forecasts show no sign of change to validate a US yield forecast…
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