It looks like the U.S. will have an early planting year. Weather is warming and drying up, which will allow the Corn Belt to get going on planting early this year, analyst says.
Weather is forecast warm and wet for the U.S. the next week, and then turns drier but still warm in the eight- to 14-day forecast.
It’s hard for a demand-led market to drop when demand continues to be extraordinary, analyst says.
Small traders tend to push the market higher in night trade and low volume times, only to meet with massive selling/liquidation by large traders, analyst says.
Brazil will have a below-average soybean crop, the only question is, how much, analyst says.
Weather forecasts continue to suggest Brazil will have better weather including above-normal precip and below-normal temps.