AgResource Holiday Commentary; CBOT Called Higher on a Stuck US Weather Pattern With another 10-14 Days of Midwest/Delta Dryness; N European Dryness to Also Catch Trade Attention

All Members, Sunday Commentary

Monday Pre-Opening CBOT Calls Are: Soybeans 3-7 cents higher, corn 2-4 cents  higher with wheat called 1-4 cents higher.    AgResource Week Ahead Market Discussion: CBOT grains are called higher. The Central US weather forecast remains stuck with limited rain to fall across the Midwest/Delta over the next 12 days. And President Biden and US…

U.S. Exported 300,000 MT of Soybeans Last Week. May Census Exports Could be 1.00 MMT (37 MBU).

AgResource Plus

Summary:  This week’s soybean export inspections could be 300,000 MT (8 MBU).  That would be up 93% from the previous week. This week’s US soybean ship lineup is 292,000 MT (11 MBU), up 27% from the previous week. There were 18 vessels to-be-nominated (TBN), up 7  from the previous week.  USDA left their projection for 2022/23 US exports unchanged at…