AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Ag stock buy or sell1/21/2024 ![]() FOOD WHEAT PURCHASE: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 102,493 metric tons of food-quality wheat from the United States and Canada in a regular tender that closed on Thursday.soybeans to “unknown destinations” for delivery in the 2024/25 marketing year that will begin Sept. Department of Agriculture reported that exporters sold 125,000 metric tons of U.S. 13 had funds: net sellers of 7,500 contracts of SRW wheat, sellers of 5,500 corn, sellers of 7,000 soybeans, sellers of 3,500 soymeal, and sellers of 2,000 soyoil. But the lack of moisture over the next couple of weeks will not be helpful in that regard. Rainfall in the Tennessee Valley this past weekend is forecast to improve water levels on the Mississippi River throughout the week. ![]() That will not help with the drought situation in the region, or with boosting water levels in local rivers.ĭelta: A system will likely bring showers through on Saturday. Midwest: There could be some showers with a branch of a system moving through Friday and Saturday, otherwise, warm and dry conditions are expected through the end of next week. That should help with remaining areas of drought across Texas and Oklahoma, with potential for reduction in Kansas as well. Precipitation may be heavy in some areas and just cold enough for some snow in the southwest. ![]() The system will be a slow-mover, not getting east of the region until early Saturday. It will also be largely dry.Ĭentral/Southern Plains: A system is developing in the region with scattered showers. Northern Plains: Above-normal temperatures will continue for the next couple of weeks, sometimes being well above normal. Western areas continue to have dryness and drought concerns. The weather for next week looks drier, but conditions continue to be very favorable for the remaining planting and early development of corn and soybeans.Īustralia: A storm system developed brought limited showers to eastern areas over the last few days and continues for another day or two as well, somewhat favorable for developing cotton and sorghum. If true, this would be a more favorable outlook for developing corn and soybeans.Īrgentina: Several systems are bringing widespread moderate to heavy showers through the country through early next week. Another front will bring showers back early next week, but the amounts are not forecast to be all that heavy. Southern Brazil is seeing somewhat of a break from the heavy rain of the last few months with limited showers through the weekend. Heavier rain is forecast to come back in during the middle of next week and continue through January, a more favorable set of conditions if the damage over the next week can be limited. That means that temperatures will also be very high, creating another round of stressful conditions for soybeans that are moving toward setting pods. Preliminary changes in futures Open Interest as of December 13 were: SRW Wheat up 7,229 contracts, HRW Wheat down 1,215, Corn down 2,897, Soybeans down 5,561, Soymeal down 5,233, Soyoil up 7,101.īrazil: Wet season showers in Brazil have become very isolated and are forecast to be that way through early next week. Registration total: 2,435 SRW Wheat contracts 218 Oats 433 Corn 596 Soybeans 62 Soyoil 0 Soymeal 318 HRW Wheat. There were changes in registrations (-132 SRW Wheat, -227 Corn). Year-To-Date nearby futures are down 26.1% in SRW, down 29.4% in HRW, down 25.4% in HRS Corn is down 32.7% Soybeans down 13.9% Soymeal down 12.0% Soyoil down 21.9%.Ĭhinese Ag futures (JAN 24) Soybeans down 50 yuan Soymeal down 28 Soyoil down 58 Palm oil down 32 Corn down 8 - Malaysian Palm is up 21. Malaysian palm oil prices overnight were up 21 ringgit (+0.57%) at 3691. Wheat prices overnight are up 5 1/4 in SRW, up 2 1/4 in HRW, up 7 1/2 in HRS Corn is up 2 Soybeans down 2 3/4 Soymeal down $0.50 Soyoil up 0.30.įor the week so far wheat prices are down 20 1/4 in SRW, down 25 in HRW, down 9 in HRS Corn is down 3 1/2 Soybeans up 4 3/4 Soymeal down $1.70 Soyoil down 0.06.įor the month to date wheat prices are up 12 1/2 in SRW, down 8 3/4 in HRW, down 8 1/2 in HRS Corn is down 1 1/4 Soybeans down 38 Soymeal down $22.30 Soyoil down 1.90. NOTE: Under current embargo Ukraine isn’t allowed to sell some of its grains to Poland and other eastern EU members, but the countries allow for transit of the goods.Says Prime Minister Donald Tusk will probably want to present the plan during the EU summit this week.NOTE: Poland Repeats Will Keep Ban on Ukraine Grain After Sept.“I will do everything to keep current embargo” on Ukrainian products, cites new Polish Agriculture Minister Czeslaw Siekierski. Poland Should Keep Ban on Ukrainian Imports: New Minister
0 Comments
Read More
Leave a Reply. |