SOY – The weather continues dry in the key growing areas of ARG. This allowed meal and beans to move to new highs yet again today. The feature continues to be the large move in the Bean and Meal spreads july/nov, and july/dec. A couple thoughts. The markets are approaching key levels. 11.00 in beans and $400.00 in meal. I …
South American Grain Weather Issues from WxRisk.com for February 25th
For the complete South America Grain Weather Issues Report, CLICK HERE. For those intersted in grains, Walsh Trading hosts a weekly FREE Grain & Livestock Outlook Webinar on Thursdays at 3PM CST. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Livestock Analyst with Walsh Commercial Hedging Services. Sean and Ben will host their next webinar on …
Ag outlook, technical levels
SOY COMPLEX The Beans started higher again, fueled by meal. The rally stalled and nominal gains on the day were recorded. The weather in Arg remains friendly as rain has yet to materialize in a meaningful fashion. A few small amounts here and there. This rally has extended itself and seems to be stalling. The impetus is lacking to turn. …
South American Grain Weather Issues from WxRisk.com
For the complete South America Grain Weather Issues Report, CLICK HERE.
Full US HRWW Grain Weather Report from WxRisk.com
For the full report, CLICK HERE.
AG – Weather Market
SOY COMPLEX The markets are keenly focused on weather at this point. We have dialed in the recent Argentinian drawdown. However, according to most analysts, further dryness is not dialed in. This may be the case. Going home this weekend it appears that Argentina will remain mostly dry. The real question now is will the US and Brazil make up the …
Good Volatile Friday Folks,
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Ag Where to from here
The Meal and Beans eased today. The rally may be a bit long in the tooth. The current weather scenario seems to be dialed into prices. Will the crops deteriorate further. Looking at the long term for beans. I have said use this rally to hedge old crop. The November 18 has given ample opportunity to start a program there …
Full US HRWW Grain Weather Report from WxRisk.com
For the full report, CLICK HERE. The full report contains a 30 day forecast. SUMMARY To say that the overall pattern across North America has turned extreme would be an understatement. The current pattern features a massive trough over the western third of the country and an equally strong massive ridge over the eastern third of the country. As a …
Intermediate Late Sunday Night S American Grain Weather from WxRisk.com
FEB 16 Max temps 94-100f/ 34-38c over most of Argentina into Paraguay … 91-95f/ 32 -34c over western and central Brazil … mid 80s/ 28-30c over eastern Brazil. RAINFALL FEB 16-17 Most of Brazil was dry … only some light rains over 0.35″/8mm in northwest 25% of Mato Grosso and 0.25-0.75″/6-20mm over 70% of Paraguay. In ARGENTINA all of central, eastern …