Highlights
Weather in the crop areas of North America remains in the world's headline for grains and oilseeds followed by South American weather, Asian weather, then Eastern European weather, and lastly Western European weather. Percentage wise, we estimate 25 to 35% of the crop areas of the world are experiencing production losses due to weather. The world's weather outlook this morning is for more of the same for the coming week.
If corn and bean futures are not higher today, it will mean the World Economic Forum money is shorting corn and beans. The crop ratings this afternoon have to be expected to be 3 to 6+% worse than last week.