AgResource Global Corn Market Discussion
Brazilian Corn Market Trades Erratically; Safrinha Growing Season Imminent: Spot corn in Brazil slightly higher on Wednesday at $5.73/Bu, and the Brazilian market in the last two weeks has been volatile. Daily corn prices in Brazil are attached. Brazilian corn rallied from $5.20/Bu to $6.30 between mid-Nov and mid-December. Premium was shed counter seasonally in…
Global Soymeal Market Analysis
At the end of the 1st quarter of the international marketing year, soybean meal exports from major exporters have reflected an overall decline in demand. World price trends were mixed during the quarter but still historically strong. Argentine exports during the quarter were down 50% from a year ago at 3.4 MMTs, Brazilian exports were…
AgResource Soybean Comment and Analysis
Soybeans Hold Firm at Midweek: Soybean futures closed slightly higher as weakening Brazilian export premiums clashed with dry Argentine weather forecasts. Soy product markets were mixed with soybean oil, giving back some of the last 2 days’ gain on profit-taking, while soybean meal was firm on meal/oil spreading. The chart shows that soybean meal has…