AgResource Farm Marketing Advice for Tuesday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales to…
Summary: China’s “spot” soybean crushing margin today was 32 Yuan/MT, up 20 Yuan from a week ago. The “forward” margin was 90 Yuan/MT, up 19 Yuan from the prior week. The forward margin was 77 Yuan above what it was a year ago. Domestic soyoil prices rose 3.7% and set a 35-month high. In the December…
** AgResource Farm Marketing Advice for Tuesday:1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales to…
Summary: Last week Brazil exported 493,000 MT of corn. That is 2,000 MT less than the previous week and it is 244,000 MT less than what was shipped a year ago. Last week Ukraine’s exports were 580,000 MT. The US exported 409,000 MT. Argentina did not report exports for last week. As of Dec 27, Brazil’s…
The outlook is warmer East in teh extended-range while chilly weather is biased toward the West U.S.
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