AgResource Daily Farm Marketing Advice for Friday: 1/ Corn Producers: Sell 10% of the estimated ‘18 corn harvest at $4.01 basis Dec ‘18 futures. 2/ Corn Producers: Sell 10% of estimated ‘19 corn production at $4.17 basis Dec ‘19 futures. 3/ Corn Producers: Sell 15% if the 2017 corn crop if March ‘18 corn futures…
On average Southeast Australia observes periods of showers and thunderstorms while temperatures are near to slightly below normal for much of December.
The week 3 and 4 outlook call for a vigorous storm track into Western Europe. Down wind the wet pattern a warmer than normal pattern dominates much of Europe and Western Russia. The previous cold and snow effect of -NAO across Europe dissipates.
Comment: The forecast trend is a little wetter across previously dry (and hot) Argentina. Anomalous heat continues to affect central Argentina. Wet weather extends to far southeast Brazil which is (also) a forecast change. Central and northeast Brazil trend drier. Comment: The hot pattern in ARG is easing while Central Brazil is drier. Comment: Wet…
A lower open in February hogs found resistance above unchanged, and the market stayed weaker into the end of the day. At the close on Thursday, February hogs were back under the 50 day moving average, and the market will be on alert for additional technical liquidation early Friday morning. It’s been an exceptionally…
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