Chinese trade data released on Tuesday offered a combined 2-month total for January and February trade. The combined volume of soybean imports for the month was 16.17 MMTs, a 16% increase over last year and a record large import volume for the 2-month total. On average, over the last 5 years, 62% of the Jan-Feb…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. The US Treasury yield curve has become steeply inverted in the last year, with short-term interest rates far exceeding longer-term rates. Inflation has…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell another 20% of the 2022 wheat crop if May Chi wheat reaches $8.02. If filled, 2022 sales will be pushed to 60%. The US Treasury yield curve has become steeply inverted in the last year, with short-term interest rates far exceeding longer-term rates. Inflation has…
BRL Real Spot 1 USD = R$ 5,19 ARG Peso Spot 1 USD = $ 199,67 Argentina is the largest exporter of soy complex (soybean meal and oil) in the world, and the reduction in crushed volume generates a decrease in supply from the country, causing prices to remain at elevated levels. The market expectation…
Argentina drought may not end until next spring.
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