Waiting For Demand — This Week in the Markets

by

Opinion

The grain market this past week turned its attention to more demand and weather headlines as North American harvest pressures are starting to subside with the large majority of the crop now in the bin. The planting pace down in Brazil of soybeans continues to accelerate, with some of the previously drier regions finally getting rains (albeit they will continue to need good showers moving forward to make the proposed 100-million tonne soybean crop!). On the level, oilseed prices are being tempered by better growing conditions in Brazil, supporting both seeding activity and crop germination & emergence. With Brazil’s weak…

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