U.S. Grain Export Sales Fall on Low-End of Forecasts
USDA November report: South American soybean and corn production and global crop inventory data.
US Department of Agriculture: Maintaining Argentina's soybean production expectations for 2024/2025 at 51 million tons unchanged; maintaining Brazil's soybean production expectations for 2024/2025 at 0.169 billion tons unchanged.
Soybean meal opened lower and gapped down below the 2900 level. Is the weather situation in South America crucial?
Soybean meal has fallen below 2900, and market views indicate that South American weather is the key focus. For details, read the text below.
【Daily Weather Tracking】 Farmers in the usa are resuming the final harvest work based on field conditions in the corn planting zone.
The U.S. National Weather Service's 6-10 day outlook forecast from November 20th to 24th indicates that temperatures across the United States may be near or below normal levels.
Daily weather tracking: Most of the summer crops in the corn planting belt in the USA have already been harvested.
The 6-10 day outlook forecast from the National Weather Service in the USA for November 19th to 23rd predicts that temperatures in most areas of the western and central regions may be close to or below normal levels.
【Daily Weather Tracking】Precipitation in most areas of the usa may be close to or above normal levels.
The National Weather Service's outlook from November 18 to 22 predicts that above-normal temperatures may occur in the eastern part of the usa, while temperatures along the pacific coast to the plateau region may be below normal.