Climate Impact Report: Europe Stays Wet; Argentina Drought Expansion to Southeast Brazil
Europe wet pattern continues although Southwest Europe is dry.
AgResource Sunday Commentary; Poland/Hungary Block Ukraine Grain/Foodstuffs; Limited Rain for the Drought Stricken Plains Next 10 Days; Cold Central US Temps Slow Seed Germination/Seeding Progress
Sunday Pre-Opening CBOT Calls Are: Soybeans 2-4.00 cents higher, corn 3-5.00 cents higher with Chi wheat called 3-6.00 cents higher. AgResource Week Ahead Weather and Market Discussion: CBOT futures are called higher on the return of winter like weather across the Central US and rising tensions between Poland/Hungary and the inflow of grain/food from Ukraine. Slightly…
Climate Impact Report: Great Plains Drought is Worsening
Lack of rainfall in the Great Plains causes drought to worsen. 15-day forecasts are variable/uncertain.
US Soybean Export Inspections Could Be 485,000 MT (18 MBU). April Census Exports Could Be 2.60 MMT (95 MBU).
Summary: This week’s soybean export inspections could be 485,000 MT (18 MBU). That would be down 28% from the previous week. This week’s US soybean ship lineup is 594,000 MT (22 MBU), up 130% from the previous week. There were 20 vessels to-be-nominated (TBN), unchanged from the previous week. USDA left their projection for 2022/23 US exports unchanged at…
