The climate conditions to promote new drought areas is present and its possible that expansion occurs during winter AND next summer. The central/south Great Plains could be a target.
AgResource Daily Cattle Analysis: Cattle futures closed lower on Monday, and a weaker outlook is offered for early trade this morning. Following a steady start to the day, 2 sided traded developed through the first several hours of Monday’s trading. However, December cattle struggled against last week’s high and technical selling/liquidation took the market sharply…
Bottom Line: If INTL FCStone’s corn estimate is too high, the median error (in years when the INTL FCStone estimate was too high) was 1.1%. Based on INTL FCStone’s estimate of 14,129 Mil Bu, that would equate to about 159 Mil Bu less – – or 13,970 Mil Bu. Last year, INTL FCStone’s estimate was…
AgResource Daily Farm Marketing Advice for Monday: 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 next edition of AgResource’s Weekly Newsletter will be released on Wednesday, October 4th.
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