Brazil soybean planting pace has reached 70% complete overall. Most center West states like Mato Groso are virtually complete, or close to it. Planting pace was slightly above average for the bulk of planting, but the last third is falling behind schedule. Most of that area left to plant is in the Northeast where they usually plant later and RGDS, where excessive moisture has kept growers out of the field. That looks to change quickly as our weather models indicate a shift from wet to dry in Southern Brazil in the next 30 days or less. This may pose an issue for crops not yet planted. Farmers there will be racing to get crops planted…just in time for it to turn dry. Meanwhile most areas in the Northern tier of Brazil see adequate showers this week with a few dry pockets in SE Mato Grosso, Goiás and a small pocket in Minas Gerais. All of these areas get filled in with precipitation by next week with virtually every region North of Parana state receiving see 2” to 6”. Dry pockets will be filled. Our focus and concern remain on RGDS, which has a history of turning drier in La…
Register
Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results.
Trading advice is based on information taken from trades and statistical services and other sources that CommStock Investments believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.
There is no guarantee that the advice we give will result in profitable trades.
The views and opinions expressed in this newsletter are those of the author and do not reflect those of R.J. O'Brien & Associates LLC. This report may contain political opinions as well as market opinions and commentary. Any content provided by Commstock Investments or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.
207 Main St · PO Box 229 · Royal, IA 51357