soybeans, higher corn and mixed wheat. Hot and dry conditions are forecast for the US WCB. China cash crush margins are weaker this morning and the BRL is softer by about 2.4 percent to 5.4840 BRL/USD. China expanded their list of global meat plants for
import to 15, including a beef plant in Canada and pork plant in Denmark. Algeria and South Korea are in for wheat. StatsCan showed less than expected wheat, corn and soybean area. Durum was higher than expected and canola near expectations.
rainfall is expected over the next ten days from eastern Ukraine and Russia’s Southern region to western Kazakhstan. U.S. Temperatures will be hot in the southern Plains for much of the next two weeks with frequent highs in the 90s to 106 degrees Fahrenheit.
The US Ohio River Valley will see 1-3 inches of rain this week through Friday. The Delta and southeastern region will remain wet. Other parts of the upper Midwest and western Corn Belt may see restricted rainfall. It should also remain dry across the central
Great Plains. The Northern Plains will see rain.