Market Snippets
US crude oil supplies rose 2.8m barrels in the week ended 18 September, said the EIA yesterday. Analysts had been predicting a 2.25 million decrease, with oil falling the thick end of $3/barrel on the back of it.
One of the newswires is carrying a story this morning that the wheat crop in NSW could end up as low as 4.5 MMT, from the 6.5 MMT predicted just a month ago.
Estimates for today’s weekly USDA export sales report are 500,000 to 800,000 MT for soybeans, 600,000 to 900,000 MT for corn and 300,000 to 500,000 MT for wheat.
Russian sunseed production this year may fall to around 6.35-6.6 million tonnes, after a summer drought hit crops along the Volga river and in North Caucasus.
It never rains etc, "intense frost is expected over the next days" in Argentina, according to the Buenos Aires Grain Exchange. That won't do the smallest wheat acreage in 100 years much good.
One of the newswires is carrying a story this morning that the wheat crop in NSW could end up as low as 4.5 MMT, from the 6.5 MMT predicted just a month ago.
Estimates for today’s weekly USDA export sales report are 500,000 to 800,000 MT for soybeans, 600,000 to 900,000 MT for corn and 300,000 to 500,000 MT for wheat.
Russian sunseed production this year may fall to around 6.35-6.6 million tonnes, after a summer drought hit crops along the Volga river and in North Caucasus.
It never rains etc, "intense frost is expected over the next days" in Argentina, according to the Buenos Aires Grain Exchange. That won't do the smallest wheat acreage in 100 years much good.
