Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
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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
Grains
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%
China’s Soybean Imports Expected To Hit Another Record High In 2017/18: Lower government support to corn production continues to stimulate Chinese planting of oilseeds, primarily soybeans. As a result, marketing year (MY) 2017/18 soybean acreage is up by +9.8% compared to the previous year. The acreage expansion together with Read More
Soymeal stockpiles held by crushers are rising as crush volume exceeds market demand and as the country will continue to import a large volume of supply May-July, China National Grain and Oils Information Center says in emailed report on Wednesday. Meal stockpiles rose to 875,000 tons by Tuesday, +20% Read More
Farmers are growing the biggest Canadian harvests of wheat and canola in several years, despite stormy summer weather, a Reuters survey of 14 traders and analysts showed ahead of the government’s first production report of the year. Expectations for big crops, due to mostly favorable growing conditions since Read More