Exports Shift Toward South America

[errolanderson]

Soybean basis at the Gulf of Mexico is
now weakening which is now signaling the
shift toward the record Brazilian
soybean crop. There are only 3 ships
awaiting American beans and 134 ships
awaiting Brazilian.

This is pressuring oilseed futures
today.

Also reports of too much rain across
Mississippi Delta may slow start of corn
plantings in the south. Ethanol
processing margins have improved of late

[BTO_farmall]

error,

Cool Story Bro, Tell It Again!!!!!!!!!!!!!!!!!!

[errolanderson]

Soybean basis at the Gulf of Mexico is now weakening which is now signaling the shift toward the record Brazilian soybean crop. There are only 3 ships awaiting American beans and 134 ships awaiting Brazilian

This is now starting to pressure oilseed futures and global vegetable oil prices.

Canola prices are now considered exceptionally high in the global veg oil market. This may impact the Cdn canola export pace this spring.

There are also reports of too much rain across the Mississippi Delta which now now slowing the start to corn plantings in the south.

cool story huh?? BTO