Grains After a long period of below-normal rains, September started with meaningful precipitation for a large portion of Argentina’s agricultural area, including all of Buenos Aires Province, south of Cordoba, and Santa Fe. The center of Cordoba and Santa Fe northward were less lucky, which is unfortunate as those areas have been the most impacted by drought.
Wheat Argentina After the past few days’ rain, there is a strong recovery in wheat conditions and soil moisture. The good/excellent portion of the crop increased from 31 to 46 percent from last week and the regular/bad ratings decreased from 31 to 21 percent. Moisture conditions are now such that 68 percent of the crop is growing with good/optimum moisture con...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
