Now that USDA has released its June WASDE numbers and U.S. winter wheat production estimates, the markets will have suffer to find bullish news until the 28 June quarterly stocks report and planted acres update. Here's why.
We're finished talking about wet weather and delayed planting. We're approaching the gut slot of the hard red winter wheat harvest. There is no reason to believe there will be any surprises in export sales over the next several weeks. Drought fears are thing of the past. There is no heat in the extended 11- to 14-day forecasts.
So for at least the next two weeks, the market might well be talking about the "improving" crop conditions across the Corn Belt. The crops almost have no place to go but better. The v...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
