CRB Index The CRB index extended last week’s recovery amid modest strength in crude and metals, both due to further weakness in the US dollar. The USD entered a more bearish chart profile and midweek, and fundamentally US debt/probable reduction in lending rates lean bearish well into 2024. This will support a range of raw…
Summary: The lineup of ships waiting or scheduled to load U.S. corn is estimated to be 300,000 MT (12 MBU). That is up 12% from the previous week. Next week’s export inspections could be 590,000 MT (23 MBU). That would be down 37% from the previous. There were 5 vessels to-be-nominated (TBN). That’s one less than the previous week. December Census…
Another stratospheric warming event may be developing in early January triggering more cold in Russia.
General agreement projecting the January 2024 northern hemisphere 500 MB upper air pattern between Climate Impact Company and ECMWF.
Europe is trending colder.
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