AgResource Weekly Newsletter, July 3
Click here to read this week’s Weekly Report
Click here to read this week’s Weekly Report
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. Ag markets at midday are higher on renewed fund buying in CBOT corn. Sep corn is up 12 cents on strong basis levels in the Eastern Midwest.…
Summary: US ethanol production slipped about 1%. Ethanol stocks jumped 6%, gaining back all that it had lost in the previous five weeks. Blender demand is estimated to have slipped about half-a-percent. Ethanol producers’ margins on Jun 28 were 16.20 cents/gln, up from the previous week’s 14.50 cents. Blender margins were 4.38 cents, up from the…
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** AgResource will produce the AM and Midday Wires today amid the US July 4th holiday. ARC research will return on Friday AM with pre opening calls. The CBOT closes early today at 12 Noon and reopens on Friday at 8:30 AM CDT. ** AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Sell 20%…
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