Corn makes a new lowest close for this long term downtrend. November 2, 2023
The Rosario Grains Exchange reports today's 2 - 2.4 inch rains could be classified as a blessing. Two prior weeks of good rains and a two week forecast for normal rains show the transition to El Nino based weather is in effect. El Nino typically brings above-normal rains during our winter months, their growing season. El Nino is consistent with above trend yields for Argentine corn and soybeans. El Nino is not statistically tied to Brazilian corn and soybean yield changes. If the forecast makes the next move, to above-normal rains, we will put Argentina into the bearish side of the ledger.
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