Wheat: Export sales in today's report were 274,700 MT, which were up from prior week, but 3% below the four-week average. Prices are to drift lower into a Level 3 cycle low due next week that will ideally coincide wi
Wheat: Overnight trade was working on a positive reversal that likely relates to a Level 4 intra-week cycle trend and not the more important Level 3 intra-month trend that is due to bottom next week alongside an intermed
The National Oceanic and Atmospheric Administration (NOAA) says the strong El Niño event lingers, with well-above-average sea surface temperatures recorded across the central and eastern equatorial Pacific Ocean.
South American Crop Consultant Dr. Michael Cordonnier has raised his Argentine soybean and corn estimates by 1 MMT and 2 MMT, respectively, from last week. He has had a neutral to higher bias toward both crops for severa
Wheat: Argentina futures turned up the past two weeks as the five-week stochastic turned long suggesting a seven-week correction exhausted. Australian futures turned higher the past two weeks signaling an end to a length