Expecting a Drier Climate to Emerge in Argentina
The outlook indicates a wet bias in Brazil and a drier trend for Argentina.
The outlook indicates a wet bias in Brazil and a drier trend for Argentina.
** 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…
** AgResource Daily Cattle Analysis: Cattle futures were able to rally sharply on Wednesday as cash cattle trade moved up to $120.00 for the last portion of the showlist, steady with the week prior. Packers are now securing cattle for an expanding kill pace which is expected for at least the next 2 weeks. Tightening…
** The morning has been mixed at the CBOT with soybeans trading to a new rally high while the grains trade either side of unchanged. The strong seasonal price trends for the day ahead of Thanksgiving appear to be working. Funds have been active in buying soybeans/soymeal and selling of the grains. The oil share…
Cooling SSTA east of Argentina foreshadows a drier climate while rains convene in Brazil.
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