Tidbits, Q&A: Technical Analysis, Weather 5/18/25
- Wright team
- May 18
- 5 min read
Tidbits
Weather for the next six days predict Missouri, southern areas of Iowa, Illinois and Indiana will get the most rain, as much as 3 to 4 inches (76 to 102 mm). Wind gusts over the major hard wheat production regions are expected to blow over 50 mph in the next ten days.
StoneX’s fertilizer guy, Josh Linville:
"Phosphate values are incredibly high priced with few signs it will soften. NOLA DAP is @ $680."
The Institute for Supply Management (ISM) manufacturing PMI for the U.S. slipped to 48.7 in April from 49.0 in March, but slightly above market expectations of 48. The reading, being less than 50, signaled a second consecutive month of contraction in the manufacturing sector as output shrank. However, the ISM manufacturing PMI in October was the lowest of the past 12 months at 46.9.
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