Tridge summary
The article provides an overview of the current trends in the agricultural commodities and weather forecasts impacting them. It highlights a decrease in futures for corn, soybean, KC wheat, and Mpls wheat, while Chicago wheat remains mixed. Dry conditions in the US are expected to facilitate the corn and soybean harvest, though a forecast of increased showers in Argentina and Brazil may affect production there. A Russian missile strike has damaged a corn-carrying vessel in the Ukrainian port of Pivdennyi. The article also mentions the anticipated release of export inspections and crop progress reports, and provides current values for the U.S. dollar index, crude oil, E-mini S@P, and gold, showing changes in these financial markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Highlights Corn, soybean, KC wheat, and Mpls wheat futures are lower while Chicago wheat is slightly mixed to start the week. Dry conditions in the US are expected to support corn and soybean harvest. Weather forecasts for Argentina and Brazil show an increase in showers later this week. The 6-15 day forecast shows an increase in showers in Northern Brazil. Dryness continues to remain dry with some light showers expected next week. The latest 6-10 day and 8-14 day is calling for above average temperatures and below average precipitation aiding corn and soybean harvest in the U.S. A Russian missile strike damaged a vessel loaded with corn in the Ukrainian port of Pivdennyi. Weekly Export Inspections will be released at 10:00 a.m. CDT. Crop Progress and ...
Source: Prairie Grain Partners
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