Chicago wheat advances on KC again. Will the Plains see rains next month? November 21, 2023
Yesterday's scattered rains in Brazil's Center/West region brought 0.4 to 1.4 inch to much of the secondary states of Goais and Mato Grosso do Sul. The main state, Mato Grosso, saw that amount only in the lower ⅓. Those three states will see another 1 inch this week. Drew Lerner remains concerned that warm and dry conditions will return next week for the Center/West. The wet southern states of Parana and Rio Grande do Sul will see continued rains this week, 0.6 to 4.9 inches. There is a light, valid, production hit to expect from weather to this point. The trade is lightly pricing additional premium based on the potential for no improvement in weather in the months ahead when reproduction hits.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
-
Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
-
Trade Holds On To Hope Of China Purchases
November 27, 2023
Market Movers
December 1, 2023
November 30, 2023
November 29, 2023
November 28, 2023
November 27, 2023
Snapshots
Snapshots