BRL Real – Spot 1 USD = R$ 4,81 ARG Peso – Spot 1 USD = $ 248,46 Profit and Loss (P&L) Analysis of Soybean in Mato Grosso Brazil In recent years, seasonality in prices and volatility has constantly modified market conditions, encouraging and discouraging producers with decision-making on their properties, in addition to the…
AgResource Farm Marketing Advice for Friday: 1/ No new advice The weekly Drought Monitor showed another week of expanding drought across the US. 57% of the US corn crop was reported in drought, up from 45% last week and 17% a year ago. 51% of the soybean crop was in drought compared to 39% last…
Drought Deepens in IA, Eastern Midwest; 10-Day Forecast Lacks Relief: Drought expanded/intensified across the primary Midwest last week, with 57% of the US corn crop at 51% of soybeans experiencing drought currently. Unlike last year, drought is most significantly impacting the highest yielding states, which makes the next 2-3 weeks critical in avoiding sizable production…
NOAA’s updated summer climate outlook released this AM features high odds of above normal precip across the Central Plains but equal chances of above & below normal precip elsewhere. Heat is forecast to favor the Western Coast, Eastern Midwest and East Coast. NOAA’s associated drought monitor is attached, and drought is projected to remain/expand east…
The June NOPA crush report was bullish for old-crop soybean prices. NOPA reported a May soybean crush rate of 178 Mil Bu. This was 2 Mil Bu larger than the average trade estimate, a 7 Mil Bu increase over last year, and the largest May NOPA crush rate on record. Most of the increase over…
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