Sunday Commentary

CBOT Called Mixed; Argentine Forecast Wetter Beyond December 1st

Nov 19, 1:30 pm | Sunday Commentary

** AgResource Pre Opening Sunday Market Calls: Soybeans 1 cent lower to 2 cents higher, corn and wheat steady to 1 cent lower.     ** Sunday Weather & Market Comment Discussion: CBOT opening week calls are mixed to slightly lower. The forecast is slightly wetter for Argentina in the next 5 days with much better rains in the 11-15 day period. It’s too early for any real weather concern for Argentina with much of the crop still in the bag and the timing for weather adversity similar to April 19 across the Midwest. The dryness really has to get beyond December 10th (May 10th in the Midwest) to discuss any yield drag due to latent seeding dates.   Friday’s CFTC report showed…

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