Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
Soybean bears seem to be making a little more noise about a burdensome balance sheet. The production problems in Argentina have been well advertised, but the trade seems uncertain about the full extent of damage. The Rosario Grain Exchange made a huge cut yesterday to their Argentina soybean production Read More
Grain prices this morning are mixed with Mar corn unch, Mar soybeans -1.75 (-0.17%), Mar wheat +0.25 (+0.06%). Grains on Wednesday settled mixed: Mar corn +0.25 (+0.07%), Mar soybeans +7.75 (+0.75%), Mar wheat -2.00 (-0.45%). Bullish factors included (1) drought concerns in Argentina, the world’s largest soybean Read More
Assuming “normal” South American crops, I suspect we’ll eventually catch up
with predicted corn exports, but I’m not sure about soybeans–depends on China
CORN SHIPMENTS ARE RUNNING AT 56% VS. LAST YEAR VS. USDA FORECAST 84%
SOYBEANS 87.5% 103.5%
WHEAT 93% 95%