Brazilian Real – Spot 1USD = R$5,05 Argentinian Peso – Spot 1USD = $211,24 ARGENTINA CROP PROGRESS Soybeans The Buenos Aires Grain Exchange reported, this Thursday, the 6th, that the harvest of the 22/23 soybean crop is still delayed compared to last year, in addition, the soybean yield is lower than expected. The excellent/good…
AgResource Farm Marketing Advice for Monday: 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%.
Midwest Warmth to Linger into Late Month; Models Eliminate Rain Chances in Plains: The Central US forecast is drier in the Southern and Central Plains, with little/no precip projected into April 21st. Elsewhere, favorable warmth and dryness will stick around across the primary Corn Belt throughout the next two weeks, and an acceleration in seeding…
Longer term guidance suggests the coming precip & temp pattern shift will be in place into the very end of spring. The CFS model’s latest May temp anomaly forecast is attached. The complete lack of soil moisture in TX, OK, KS and CO likely promotes the early arrival of summer-like temperatures. Above normal temps in…
The USDA’s Economic Research Service’s update of February pork exports reflected another month of increased trade. Total exports were nearly 18 Mil Lbs larger than a year ago at 504 Mil Lbs. Exports to Mexico were fractionally under last year’s record, while exports to top countries Japan and S Korea were down by double digits.…
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