West Central Ag Grain Comments 01/02/26 10:11:51 AM
1-2-26
- Good morning. Happy New Year. And Happy Friday. Following a Wednesday sell-off to round out 2025, we see the CBOT likely opening mixed to lower to start 2026 in a continuation of this trade at 8:30am central time this morning. News was sparse that last 48 hours, and with today's trade being a sort of stand-alone one day session, we would assume a choppy, low-volume environment is most likely.
- Nothing new for South America this morning over the last couple days, as the story remains one of concern related to hot and dry weather across Argentina the next 10-15 days. Like we've said previously, abundant soil moisture reserves at present will limit yield loss in the short term, but should this pattern persist into the back half of the month, there will be a story worth watching.
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- Elsewhere, Brazil continues to see little if any concern aside from in small local regions in parts of the south, with rains expected for most all of the growing regions in the central and northern parts between now and this time next week. The heaviest totals look to fall in a band primarily north of Mato Grosso and the main ag belt, but these areas will still likely see upwards of 1-2" of rainfall.
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Have a good weekend, and welcome to 2026!
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