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“Markets are bracing for two storms, one from Mother Nature and one from a slew of USDA data at 11 a.m. CST tomorrow,” wrote Mark Soderberg with ADM Investor Services. “U.S. sales have slowed considerably in recent weeks as Argentine production prospects increase. For now I see no change in the current USDA meal export forecast of 15.3 mln tons. The Rosario Board of Trade raised their Argentine production forecast 2 MMT to 52 MMT vs. the Dec. 23 USDA est. of 48 MMT.”
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Amanda Brill at Total Farm Marketing said, “According to the USDA, as of May 19, an estimated 70% of U.S. winter wheat acres are experiencing …
Bloomburg said, “Brazil said its corn ethanol passed a significant regulatory step from the International Maritime Organization, giving the co…
ADM Investor Services said, “Prices were $.01 higher while spreads eased a bit. Both July-26 and Dec-26 held within yesterday’s range. The USD…
ADM Investor Services said, “Prices were slightly higher across the complex with beans up $.01-$.02, meal was $1-$3 higher while oil was up 10…
The Hightower Report said, “Wheat ended with minor losses into the close, with Kansas City prices slightly weaker than Chicago due to an uptic…
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