AgResource Farm Marketing Advice for Wednesday: 1/ 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% of the 2021 corn crop. Less than .4% of the time, the price of spot CBOT corn has traded above the price of…
The forecast is consistent with prior runs – warm/dry weather shifts to a wetter/slightly cooler pattern beginning Thursday. Thereafter, model guidance features normal summer conditions. No lasting extremes are anticipated into the opening days of August. Expansive high-pressure Ridging stays intact for another 48 hours. The Ridge becomes more transient on the weekend and…
The forecast is a bit warmer than previously as lasting coolness is no longer indicated. Rather, near normal readings, with highs ranging from the upper 70s to upper 80s is projected. Midwest rains turn more lite/scattered during July 9-17. The coming mix of rain & sun favors crops. The attached graphic shows the CFS…
CBOT corn futures ended Tuesday 2-4 cents higher. Dec corn nearly filled an open chart gap left at $4.20 and found support thereafter. Anxiety over acreage, yield and length of the growing season underpinned futures. The attached graphic shows updated vegetation in Ukraine compared to last year. Recall last year Ukraine corn yields were record…
US wheat futures ended 8-10 cents lower, led by KC. Elevated HRW yields continue to be reported. Russian cash prices are weak as exporters struggle to find interest for high protein supply. The world has an abundance of wheat. GASC secured just one cargo of Romanian wheat at $197/MT, basis fob. This price is…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
