AgResource Daily Farm Marketing Advice for Friday: 1/ Corn Producers: Sell 10% of the estimated 2018 corn harvest at $4.05 basis December 2018 futures. 2/ Sell 10% of estimated 2019 corn production at $4.18 basis Dec 2019 futures. 3/ Sell 15% if the 2017 corn crop is March 2018 corn futures reach $3.75. 6:30 AM…
The International Trade report on Thursday showed that US soybean exports in August rose to a 5 month high of 113 million bushel, which was slightly better than what had been reported earlier this month by the USDA’s FGIS. In the September WASDE report, the USDA raised their estimate for annual exports by 20 million…
Wheat futures worldwide did very little today, and cash markets are similarly unchanged. Friday brings an update on interior Russian values, which following last week’s rally will be watched closely, but otherwise there’s little available to drive the market up or down by any meaningful degree. US weekly export sales were a decent 18…
Dec corn ended a penny higher after finding support near contract lows Wednesday and as weekly export sales were larger than expected. Crude also found support below $50, and gasoline futures ended near the week’s high. Other news is lacking, though more and more attention will paid to ongoing dryness in Central Brazil, and too…
US Forecast Wetter in Eastern Midwest: Rainfall amounts and coverage have been added to the far E Midwest and PA as a tropical storm system is scheduled to work across the Southeast and E Midwest Sun-Tues. Decently organized precip is still expected in the next 72 hours elsewhere in the Midwest, and so concern over…
