#Grain #Futures Comments
-Brazilian soybean/safrinha corn crop estimates stabilize
-US/China trade talks advance
-Indonesian palm oil stocks tick lower in Feb, solidly below year ago
-USDA Hogs and Pigs report this afternoon
-USDA reports HRW sales to Iraq, SRW to Egypt
-Soybean export sales weak, corn/wheat solid
-Trade estimate summary for tomorrow's USDA reports
USDA’s quarterly Grain Stocks report and Prospective Plantings report will be out tomorrow morning at 11:00 AM CT.
* A wire service poll of Brazilian ag industry participants revealed average expectations of the Brazilian soybean crop at 114.2 MMT vs CONAB’s last estimate of 113.5 MMT and USDA’s 116.5 MMT. The range of ideas was 112.1-116.5 MMT, while last year’s crop was 119.3 MMT. The average estimate of the safrinha corn crop was 66.2 MMT vs last year’s crop of 53.9 MMT. CONAB was last at 66.6 MMT. The range of ideas was 61.2-69.9 MMT.
* As US/China trade talks resumed in Beijing today, wire services are reporting a US trade official said China made unprecedented proposals on several factors including forced technology transfer as they continue to work to strike a deal. Progress is clearly being made, even on some of the tougher issues, but the official still said, “We aren’t yet where we want to be.” Additional comments included, “It could go to May, June, no one knows. It could happen in...To continue, Visit http://ccstrade.com/blog
AgFuse © 2023 
