How Many Remember
Jan 7, 2019 18:17:12 #
The post I made about South American not having enough to supply China Well it seems that South American is have weather issues things in Ag can change at any given time for the better or for the worse !
AgUpdate - Marketwatch
China makes soybean purchase
China made its third notable U.S. soybean purchase in a month, Reuters is reporting. In the article, both traders said the purchase was at least three cargoes (180,000 tons), with one saying the “total was closer to 15 cargoes, or about 900,000 tons.”
President Trump plans to address the nation on National Security tomorrow, in the midst of the government shutdown.
Soybeans
Today was the first day of meetings between the U.S. and China trade delegates, and there were “positive remarks,” Steve Freed of ADM Investor Services said. There were also concerns about dry weather in Brazil, and wet weather in Argentina driving the market, he said.
“Soybeans are once again turning into a weather market,” Jack Scoville of the Price Futures Group said. He noted that South American weather has been “less than perfect this year” being wet in Argentina and southern Brazil and dry in western Parana and parts of Mato Grosso an Mato Grosso do Sul.
Soybean inspections finished within the estimate range today, coming in at 673,172 tons.
AgUpdate - Marketwatch
China makes soybean purchase
China made its third notable U.S. soybean purchase in a month, Reuters is reporting. In the article, both traders said the purchase was at least three cargoes (180,000 tons), with one saying the “total was closer to 15 cargoes, or about 900,000 tons.”
President Trump plans to address the nation on National Security tomorrow, in the midst of the government shutdown.
Soybeans
Today was the first day of meetings between the U.S. and China trade delegates, and there were “positive remarks,” Steve Freed of ADM Investor Services said. There were also concerns about dry weather in Brazil, and wet weather in Argentina driving the market, he said.
“Soybeans are once again turning into a weather market,” Jack Scoville of the Price Futures Group said. He noted that South American weather has been “less than perfect this year” being wet in Argentina and southern Brazil and dry in western Parana and parts of Mato Grosso an Mato Grosso do Sul.
Soybean inspections finished within the estimate range today, coming in at 673,172 tons.
Jan 7, 2019 19:01:53 #
4430 wrote:
The post I made about South American not having en... (show quote)
USDA world grain forecasts are classified for the first 30 days.
Jan 7, 2019 19:20:52 #
Gatsby wrote:
USDA world grain forecasts are classified for the first 30 days.
I'm not sure I get your drift !
The grain markets and in no way connected to the USDA world grain forecasts so they can put in their two bits worth anytime they chose no matter when the USDA puts out their report on world grain forecasts !
This is why it called market outlook this outlook helps keep us farmers in the know and to what or to what is not in the markets !
We farmers and market watchers all watch the weather in South America and can plan our sales accordingly and there are times where the USDA screws up big time so most farmers do their own forecast!
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