Aug 29 Morning Ag Commentary 2018-08-29T18:08:33+00:00

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Dec 7 Morning Ag Commentary

by Steve Freed,

Grains are mixed. SF is down 1 cent and near 9.08. CH is up 1 cent and near 3.83. WH is up 4 cents and near 5.19. Crude is higher. US Dollar is mixed to higher. US stock market is lower.

The feud between China and the United States sparked by the arrest of a senior Huawei telecoms executive in Vancouver appears poised to inflict collateral damage on Canada, which has sought to build closer ties with Beijing amid an increasingly unpredictable trade relationship with the US.

For the week & month so far wheat prices are up 2 in SRW, down 1 in HRW, down 4 3/4 in HRS; Corn is up 5 3/4; Soybeans up 14 1/4; Soymeal up $0.17; Soyoil up 0.55. January crushing margins are down 9 around 93 1/4, oil-share is up 0.99% at 31.43%.

Weekly US soybean export sales are est near 600-900 mt vs 629 last week, corn 800-1,100 mt vs 1,266 last week and wheat 175-400 mt vs 377 last week.

The U.S. Midwest weather forecast will remain cold into the weekend with a warming trend expected next week and into the second half of December. Above normal temperatures and above normal precipitation is expected from December 12th-20th for most of the Midwest.

The U.S. Southern Plains and Southeast weather forecast is very wet over the next seven days with totals up to 3-5 inches seen in Texas and southern Oklahoma. The Southeast region will also be wet over the next seven days but rain totals will be in the 2-3 inch range.

Brazil’s northern half has seen well-above normal rainfall for the season so far, but forecasts have drier weather moving in for the second half of December. The central regions of Mato Grosso and Goias have seen minor water stress on soy crops, spurring some concerns about fungus disease.

Argentina is expected to see its dry pattern continue for another five days, with much of Argentina’s growing area needing some moisture relief. However, the 8-14 day outlook shows beneficial rains reaching much of the nation.

The information conveyed by ADMIS or its affiliates to the audience is intended to be instructional and is not intended to direct marketing, hedging or pricing strategy or to guaranty or predict future events, including the pricing and pricing movements of commodities and commodity futures contracts.

December 7th, 2018|
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Dec 7 Morning Ag Commentary

by Steve Freed,

Grains are mixed. SF is down 1 cent and near 9.08. CH is up 1 cent and near 3.83. WH is up 4 cents and near 5.19. Crude is higher. US Dollar is mixed to higher. US stock market is lower.

The feud between China and the United States sparked by the arrest of a senior Huawei telecoms executive in Vancouver appears poised to inflict collateral damage on Canada, which has sought to build closer ties with Beijing amid an increasingly unpredictable trade relationship with the US.

For the week & month so far wheat prices are up 2 in SRW, down 1 in HRW, down 4 3/4 in HRS; Corn is up 5 3/4; Soybeans up 14 1/4; Soymeal up $0.17; Soyoil up 0.55. January crushing margins are down 9 around 93 1/4, oil-share is up 0.99% at 31.43%.

Weekly US soybean export sales are est near 600-900 mt vs 629 last week, corn 800-1,100 mt vs 1,266 last week and wheat 175-400 mt vs 377 last week.

The U.S. Midwest weather forecast will remain cold into the weekend with a warming trend expected next week and into the second half of December. Above normal temperatures and above normal precipitation is expected from December 12th-20th for most of the Midwest.

The U.S. Southern Plains and Southeast weather forecast is very wet over the next seven days with totals up to 3-5 inches seen in Texas and southern Oklahoma. The Southeast region will also be wet over the next seven days but rain totals will be in the 2-3 inch range.

Brazil’s northern half has seen well-above normal rainfall for the season so far, but forecasts have drier weather moving in for the second half of December. The central regions of Mato Grosso and Goias have seen minor water stress on soy crops, spurring some concerns about fungus disease.

Argentina is expected to see its dry pattern continue for another five days, with much of Argentina’s growing area needing some moisture relief. However, the 8-14 day outlook shows beneficial rains reaching much of the nation.

The information conveyed by ADMIS or its affiliates to the audience is intended to be instructional and is not intended to direct marketing, hedging or pricing strategy or to guaranty or predict future events, including the pricing and pricing movements of commodities and commodity futures contracts.

December 7th, 2018|
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