Struggling to make $6. Maybe Brazil did get enough rain?
Central Brazil has had too much rain.
It's Argentina and S. Brazil that have been burning up. However, there is a good chance for rain, late in the week 1 part of the forecast right now.
But the pattern does NOT turn favorable after that, so it's still bullish.....if you take that rain out. Things can change quickly between now and next week though.
As Susan used to say so often, "Rain makes grain". Even a little bit.
Strong opening for C tonight. Looks like Brazil is still gonna be heavy rain in the middle, and drought in the south this week.
watch crude and its affect on corn
Far S.Brazil (Rio Grande Du Sul) and all of Argentina have much below normal rain the next 2 weeks and more episodes of intense heat.
It must have been one of the driest Decembers in history for those locations.
Argentina is on the path towards the lowest yields for all their crops in decades.
Parts of C.Brazil have had too much rain. There is no place in C. Brazil that needs rain, with more heavy rains on the way.
I'll post all of this on the Brazil weather and crop update with lots of maps shortly.
South America crops/weather Jan/Feb/March
9 responses |
Started by Jim_M - Jan. 2, 2022, 8:54 p.m.
untidy quick turn in grains...dollar higher, exports not great, Bidens uncertain and tenuous directions
No mcfarm, Biden has nothing to do with it.
Now your blaming Biden whenever grain prices don't go your way.
The dollar goes LOWER not higher when the world loses confidence in the US...the opposite of what you're claiming.
Beans are +15c.
Please keep the political stuff in the NTR forum.
number one it was a joke. sorry to offend, Number 2 how could you possibly know which side of a market I am on? Quite an assumption I would think but what the heck, protect Biden and his nonsense at all costs I guess at this point few care what he utters
mcfarm, just follow the MarketForum rules please..............even better to do it without justifying, griping and being defensive/confrontational after violating the rules.
Thanks in advance
Certain nuances are important to how a market reacts. And some... are impotent.