General Comments There was not a lot of fresh news overnight and today for the grain and oilseed markets to trade. That was the case last Friday as well and might be the case until we get to the 28 June quarterly stocks and acreage reports. Weather does look warmer and drier, and that put pressure on the soybean complex as the trade expects the full complement of soybean acres to finally get in the ground. There are some discrepancies in the extended forecasts. The words "dome" and "ridge" appear over the western Corn Belt outlooks, but don't appear to be a long-term threat today. The western Corn Belt needs some heat to get these late planted crops moving.U.S. financial markets were very strong most of the session but started to fade...
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...
From WPI Consulting
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