Climate Impact Report: Core of Argentina drought area continues to strengthen while surrounding shower risk increases in the medium range.
Drought worsens in core of Argentina dry zone.
US Corn Export Inspections Could Be 335,000 MT (13.1 MBU). But Ship Lineup Rises to 29-Week High.
Summary: The lineup of ships waiting or scheduled to load US corn is estimated to 633,000 MT (25 MBU). That is up 19% from the previous week and a 29-week high. Monday’s export inspections could be 335,000 MT (13.2 MBU). That would be down 50% from the previous week. There were 39 vessels to-be-nominated (TBN). That’s up 9 from…
AgResource Sunday Commentary; CBOT Called Higher on Another 10 Days of Argentine Dryness; USDA January Crop Report Due Thursday; China Fully Reopens
Sunday Pre-Opening CBOT Calls Are: Soybeans 6-12 cents higher, corn 2-4 cents higher with wheat called 2-4 cents higher. AgResource Week Ahead Weather and Market Discussion: CBOT futures are called higher on the ongoing dry weather for Argentina/Southern Brazil. The weekend was dry across Argentina and Southern Brazil, with the potential for rain limited to…
