By John DePutter & Dave Milne – July 30, 2019
The news:
“China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.”
Reuters, July 26, 2019
“The partial US government shutdown and the resulting lack of weekly and monthly USDA reports is taking a toll on Chicago grain futures.”
– Syngenta website article, Jan. 16, 2019
“Brazilian farmers are planting the new soy crop at a record pace, reaching 20 percent of the projected area by Thursday, consultancy AgRural said on Monday.”
-Reuters, Oct. 15, 2018
The impact on Chicago soybean futures may be negligible or even non-existent for now, but don’t go to sleep on it – Brazil is a major market factor.
“Shifting trade flows are redefining the Brazilian landscape, spurring more farmers to align their crops with Chinese appetites.”
– Reuters, Aug. 14, 2018
“Argentinian production of soybean is to hit a five-year low of 52 million tonnes in the 2017/18 crop year, as yields are expected to fall 13% to 2.9 tonnes/hectare, according to a weekly market note by the Rosario Board of Trade.”
– AgriCENSUS, Jan. 29, 2018