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“Recent rains in Argentina’s agricultural heartland were not enough to lift the wheat crop, which has withered on lack of precipitation, the Rosario Grains Exchange said on Monday. Argentina is a major wheat exporter worldwide, with an estimated 6.3 million hectares planted for the 2024/25 season. However, winter frosts and a lack of rain in the center and western agricultural areas has hit the crop,” according to ADM Investor Services.
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“S&P Global raised its U.S. corn acreage estimate to 96 million acres, up from its March estimate of 95.2 million acres and above USDA’s M…
Traders are watching news of soybean purchases and winter corn harvest beginning in Brazil. “Soybean futures are trading higher on rumors of p…
Chad Pater at CHS Hedging said, “NOAA has confirmed that the global climate has shifted into an El Niño pattern, a phenomenon that typically b…
“The National Oilseed Processors Association (NOPA) reported its members crushed 208.785 million bushels of soybeans in May,” Total Farm Marke…
Nick Paumen at CHS Hedging said, “Yesterday’s storms had reports of tornadoes touching down in east-central Illinois, one in southwest Wiscons…
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