Grains Sunday/Monday
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Started by metmike - Dec. 2, 2018, 7:28 p.m.

How much higher for the gap higher open?

If beans take out 906 resistance, that will be the highest trade since August, when the highs were 919.

The July highs were just above 932.

Not predicting we get there, just noting those points. I have zero idea of what will happen after the sharply higher open....other than the fact that the market won't be trading weather.

It's going to be very day for all or Argentina and S.Brazil for more than the next week but then rain chances go way up.

Temperatures should be very cool with the dry weather, so it doesn't look like a problem.

By metmike - Dec. 2, 2018, 7:30 p.m.
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Dry but cool the next week for Argentina/S.Brazil:


By metmike - Dec. 2, 2018, 7:32 p.m.
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18z GFS operational model total rains for 10 days........almost nothing until you get way up into Central Brazil. 

Forecast Hour:  240


By metmike - Dec. 2, 2018, 7:33 p.m.
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Crop calendar for Argentina:

  • December

    • Last corn planted in southern Argentina.
    • Corn beginning to pollinate in central Argentina.
    • Corn in northern Argentina moving from grain filling to maturity.
    • Finish planting full season soybeans.
    • Main month for harvesting wheat.
    • Start planting double crop soybeans after wheat is harvested.
    • Temperatures now approaching maximum summer highs.
    • Rainfall usually abundant, but can have dry spells.

Global Crop Production Maps by Region

By metmike - Dec. 2, 2018, 7:34 p.m.
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Crop Calendar for Brazil:

Much of the bean crop got planted earlier by as much as 2 weeks this year. 

  • December

    • Finish soybean planting, early-planted soybeans flowering and setting pods.
    • Begin spraying to control soybean rust.
    • Corn crop completes pollination and begins grain filling.
    • Cotton planted begins in central Brazil.
    • Rains every day, especially in central Brazil, southern Brazil not quite as wet.
    • Cloud cover and rain holds temperatures in the 90's.
  • Don't forget to thank Trump for high prices (-:

By mcfarm - Dec. 2, 2018, 8:04 p.m.
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corn plus 8 and beans plus 30

By metmike - Dec. 2, 2018, 8:05 p.m.
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Wow! 30,000 contracts traded in the SF in just the first 5 minutes!

By metmike - Dec. 3, 2018, 11:37 a.m.
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Export inspections. Pretty good for wheat!