WTI grains report Feb 11, 2008
The attachment is the weekly grains report from last week. Please contact Weather Trends International if you are interested in receiving this report each week, in addition to the long range outlook.
WTI Sugar/Softs Report Feb 12, 2008
The attachment is the weekly sugar/softs report from last week. Please contact Weather Trends International if you are interested in receiving this report each week, in addition to the long range outlook.
From Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601012&sid=aChP1RYTRPBU&refer=commodities
Last week, the USDA issued February crop estimates, and the theme for the grains complex was overtly bullish. Notwithstanding high energy prices, poor weather in other origins, and the weak dollar, the outlook for the US supply situation will provide constructive price support in the near term. Starting with wheat, while the USDA is estimating [...]
These charts illustrate how the WTI forecast can help in planning energy futures prices several months ahead. The verification charts for the northeast and the northcentral states show that WTI had forecast a cool start to winter; this ocurred when the bias in the market was skewed to the warm side. The third chart highlights [...]
Weather in the southern hemisphere winter last year took a toll on Uruguay’s beef production; the country is seventh in world beef exports. The cold temperatures limited grazing activity, which translated to reduced yields and reduced exports; exports for 2007 were down to around 381,000 tons according to the National Meat Institute of Uruguay. [...]
