Official trade data from the Brazilian government this week showed September soybean exports at 4.3 MMTs, slight better than had been indicated by private shipping data and also a record large export total for the month of September. For the USDA’s local Brazilian marketing year (Feb-Jan), soybean exports are now at a record large 60.3…
AgResource Daily Farm Marketing Advice for Wednesday: 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. Markets are…
Bottom Line: USDA is projecting Russian wheat yields this year to be 3.029 MT/HA (44.9 Bu/Ac). That’s a record and up 12.3% from last year’s record yields. However, the most recent wheat harvest report shows this year’s yields are 15.5% higher than a year ago. That could add 2.25 MMT to the USDA’s current…
AgResource Daily Cattle Analysis: Cattle futures closed with strong gains on Tuesday and a steady outlook is offered for early trade this morning. Strong demand developed on a lower open on Tuesday, that carried cattle and feeder cattle futures to strong gains. While live cattle closed a chart gap from the on feed report late…
Heavy rainfall emerging the next few days in the Great Plains. Medium/extended-range forecasts return dryness.
