AgResource Daily Farm Marketing Advice for Monday: 1/Corn Producers: Sell 10% of the estimated ‘18 corn harvest at $4.01 basis Dec 2018 futures. 2/ Corn Producers: Sell 10% of estimated ‘19 corn production at $4.17 basis Dec 2019 futures. 3/ Corn Producers: Sell 15% if the 2017 corn crop is March 2018 corn futures reach $3.72. …
Intense Madden Julian oscillation shifts east across the Pacific with influence on global crop areas.
** AgResource Pre Opening Sunday Market Calls: Soybeans steady to 2 cents lower, corn and wheat steady to 1 cent lower. ** Sunday Weather & Market Comment Discussion:Opening week calls are steady to slightly lower following Friday’s weak CBOT close and scattered rains across NW Brazilian soybean areas on the weekend. CBOT November soybean open…
Commodity Index Commodity indexes finished slightly lower on the week, but did not take out the prior weekly low, keeping a bullish outlook alive. Crude oil prices continue to be supported by declining supplies and strong world demand. However, the late week rally in the US dollar offered resistance to commodity prices and the CCI/CRB…
** South American Weather Discussion: The US and EU Weather models are in broad agreement that a much cooler and wetter weather profile lies in the offing across N and C Brazil starting next week. The graphic reflects that temps will average out to below to well below normal over the next 15 days. This…
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