Climate Impact Report: Cool Bias Through Winter; Warm/Dry Pattern By Next Spring/Summer for Australia
Australian climate will turn drier/warmer than normal later this year as El Nino unfolds.
Australian climate will turn drier/warmer than normal later this year as El Nino unfolds.
May-July CBOT Corn Spread Rallies to 16.5 Cents; Managed Fund Length Drops to 21,000 Contracts: Spot CBOT corn rallied for a third day on strong export sales, confirmation of additional Chinese demand and a further trimming of Argentine production. The Buenos Aires Grain Exchange now pegs Argentina’s crop at 36 MMTs, vs. 37.5 MMTs previously…
World Wheat Markets End Flat on Lack of Enthusiasm; Black Sea Wheat offered Cheaply to Egypt; Aussie Market Stabilizes: US wheat futures ended steady to slightly lower. Paris milling wheat fell $.05/Bu. Wheat values should be caught in a range until a Black Sea bottom can be confirmed. Ukraine is selling wheat cheaply to rid…
Hog Futures Collapse on Technical Selling: CME hog futures fell to deep losses on Thursday. April hogs were down $4.30 and summer hog futures fell $$4.75, while all summer contracts were back below $100. The cash indexes were mixed with the lean hog index up $.04 at $79.93, while the pork cutout index was down…
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