Sunday Pre-Opening CBOT Calls Are: Soybeans 3-6 cents lower, corn 1-3 cents lower with wheat called up 2-5 cents. AgResource Week Ahead Weather and Market Discussion: CBOT futures are called mixed. Better than expected rain fell across the driest areas of the Argentine crop belt (northern half) on the weekend with totals of .5-2.00” with…
Argentina drought expected to continue worsening.
A stormy week ahead in the U.S. following widening cold.
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 275,000 MT (10.8 MBU). That is up 8% from the previous week. Monday’s export inspections could be 570,000 MT (22.0 MBU). That would be up 9% from the previous week. There were 25 vessels to-be-nominated (TBN). That’s up 4 from the previous week. +++++++++++++++++++++++++++++ As…
Summary: This week’s US soybean ship lineup is estimated to be 2.64 MMT (97 MBU) down 5% from the previous week. There were 25 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 1.765 MMT (65 MBU). That would be up 2.5% from the previous week. USDA left their projection for 2022/23 US exports unchanged at 2,045 MBU. Last…
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