CBOT ag markets are mostly higher with soybeans/soyoil pacing the rally. Corn and wheat have followed soy complex gains as the CBOT continues to react to Friday’s NASS crop data. The NASS June Seeding data completely changed the oilseed outlook amid the decline of 4 Mil acres of US soybeans acres. This was enough lost…
Until -SOI returns, no strengthening of El Nino is likely.
Summary: As of Jun 28 (before Friday’s market shock), China’s “spot” soybean crushing margin was -178 Yuan/MT, up 150 Yuan from the prior week. The “forward” margin was -459 yuan/MT, down 184 Yuan from the prior week. In addition, the forward margin was 237 Yuan below what it was a year ago. Domestic soyoil’s price lost…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. ARC will only release the AM/Noon Reports today due to the US July 4th Holiday 6:30 AM CT CBOT Prices: November soybeans are up 42.00 cents at $13.8525, Dec corn is up 8.25 cents at $5.03 and Sept Chi wheat is up 1.00 cent at…
Summary: Brazil shipped 3.0 MMT of soybeans this past week. That was up 66,000 MT from the previous week. US exports are estimated to be 150,000 MT. Exports from Argentine were 45,000 MT. The lineup indicates that Brazil’s June shipments “could be” 14.0 MMT, the largest figure ever for June. July shipments “could be” 11.5-12.5 MMT. Total Brazilian…
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