BRL Real – Spot 1 USD = R$ 4,99 ARG Peso – Spot 1 USD = $ 225,20 Brazilian second corn crop situation and importance The Brazilian second corn crop is in full development and is important to hold the production as it is forecasted for world stocks due to the production losses and…
AgResource Farm Marketing Advice for Thursday: 1/ No new advice The Federal Reserve’s interest rate announcement did not offer any surprises, with the Fed announcing another 25 BPS increase to the Fed Funds rate. However, there have been hints that the rate hiking spree could be nearing an end following a historic increase of 5%…
Models Extract Rain from Southern/Western Plains; Regional Planting Delays Return to Central Plains, Southern Midwest: The US forecast has trended drier in TX, OK, W KS and CO but is otherwise consistent with prior runs. A welcomed warming trend expands into the heart of the Midwest in the next 48 hours, and widespread dryness into…
Heat, Dryness to Persist in Central Brazil Next 10 Days; No Sign of Drought Ending in Argentina: The EU & GFS models have also eliminated rain chances from Mato Grosso do Sul and Parana over the next 10 days, and pattern of heat, dryness and rapid soil moisture loss is most probable. Long-range climate models…
Soybeans Find Support and Close Firm: CBOT soybean futures slipped to new lows in early trade on Wednesday and closed higher. The early morning break uncovered good demand that carried the market higher into the close. The nearby CBOT soybean crush spread has fallen sharply in recent weeks, as the decline in the per dollar…
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