Comparing May 1993 and 2019 Palmer Drought Severity Index
Expect more wet weather during summer 2019 in the Corn Belt but not as wet as summer 1993.
Expect more wet weather during summer 2019 in the Corn Belt but not as wet as summer 1993.
Weak El Nino to continue for most of 2019 and may take on a Modoki-look.
July hog futures slipped to new lows on Thursday and were $1 lower at the close, reaching the lowest price since early April. The rest of the hog market was moderately higher, with October hogs up $1.10, while most 2020 hog contracts were $1+ higher. The CME’s lean hog index was down $.12 at $79.54,…
AgResource Farm Marketing Advice for Friday: 1/ Corn Producers: Sell 20% of the estimated 2020 corn crop at $4.23. This would price 60% of the anticipated 2020 corn crop. 2/ Corn Producers: Sell 20% of the 2021 corn crop at $4.24 and 20% at $4.29 basis Dec 2021 corn futures. This would price 60%…
CBOT corn futures ended just above its recent high amid a rising E Midwest cash market – where planting is most behind, and producers are holding onto old crop stocks. Basis in Central OH is attached. Basis has firmed despite the $1.00 rally in futures. End users here are scrambling for supply amid the yield…
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