South American Crop Consultant Dr. Michael Cordonnier has a more optimistic view on Brazilian soybeans due to favorable weather and a rapid planting pace.
Pro Farmer Editor Brian Grete provides mid-morning market commentary on AgriTalk Radio.
In 2017, it expects supermarket prices to climb 1% to 2%, which is still below the historical average.
Storm system advances on Corn Belt.
MDA Weather Services also says rains will increase across Argentina this week.
Despite some dryness concerns on the Plains, the crops kick off the season with modestly higher ratings than the 2015-16 season.
Soybeans finished higher on bullish export demand news, while corn and wheat slumped. Cattle futures reacted to the friendly Cattle on Feed Report data, which spilled over in the hog market.
Bean export inspections came in well above expectations at nearly 2.740 MMT.
This contrasts with mostly dry weather forecast for the High Plains and Deep South.
As of Tuesday, October 25
Feels Like 56°