The Chicago-based research firm AgResource noted that CBOT Agricultural Futures adjusted to technologically advanced prices last week.
AgResource’s long-term outlook for the future of CBOT agriculture remains positive, but there may be some back and forth in the short term.
Spot CBOD corn was low following the May expiration, with support for the July trial mid-term chart. U.S. Improved soil moisture in the northern plains and U.S. It is noteworthy that there are no obvious climate threats in the Midwest
The rally in early May is related to the central US and southern Canadian prairie weather and reflects the magnitude/speed of how the market will react to any impending weather supply threat.
Global monetary corn markets represent real and widespread distribution problems. This week the Brazilian interior market rose again all the time. In Western Europe, cash corn trades above $ 8.50 a bushel. The price of Chinese cash corn is 11 US dollars per bushel. Dollars, close to its historic height
The major U.S. for China. Ethanol plants compete with corn export program Global money market strength indicates zero tolerance for supply displacement in 2021. The upside weather risks for corn are significant in August.
The U.S. future of wheat is expected to improve North American soil moisture and U.S. The Department of Agriculture (USDA). It is also possible to raise the winter wheat production estimate by 70-100 million bushels in the June report. Crop yields have been increased in the southern and central plains due to unusually heavy spring rains.
Corn values indicate that wheat is cheaper compared to alternative fodder sources. Historically large wheat fodder use is expected worldwide this summer.
Otherwise, rallies will be held as the harvest approaches. However, there are concerns about arid growing conditions in southeastern and southern Russia. The U.S. says drought will not end in the northern plains and across Canada. Ac Resource indicates where rainfall is below the end below total expectations.
There are opportunities to buy breaks as global wheat consumption reaches a new record in 2021-2022. During the months of June-August, the U.S.
Soybean futures adjusted to recent gains last week as money markets fell. Spot futures rallied $ 3 from mid-April to mid-May, with the market returning $ 0.78 last week.
New crop prices were lower than old crop, but reluctantly. July / November Soybean spread was down 24 cents to a July premium of $ 1.66.
On Sunday, the USDA announced that 61 percent of the soybean crop had been planted. AgResource estimates that progress this week should be above 80 percent.
Older crop soybeans had a one-season high two weeks ago as spot futures traded with a long-term target of $ 16.50. But the trend in 2021-2022 or higher yields is needed.
AgResource is looking for high volatility as the summer weather market begins. Market volatility can be high in the weeks and months leading up to the harvest.