A wet start to South American soybean harvest

As of last week, soybean harvest in Brazil’s Mato Grosso was just over 2 percent complete, down about 12 points YOY and almost 10 points below the five-year average. Rain is expected in Mato Grosso in the near term but should not hinder decent [...]

Soybean futures reach seven-month high

Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]

Punxsutawney Phil was right

With the NOAA two-week forecast indicating above-average temperatures across most of the U.S., an early spring appears to be taking shape. With no adverse weather forecast, temperatures should trend 10 to 15 degrees above normal over the next ten or so days, bringing spring-like [...]