Possible Hurricane off Southeast U.S. Coast Early Next Week
Close monitoring for potential for another hurricane off the Southeast U.S. coastline early next week.
Europe Week 2-4 Outlook: Crop areas are mostly are dry and turn warmer into October.
Western Europe warmth is ahead fading late month; crop areas are mostly dry.
Russian Wheat Yields Could Be Higher Than Expected. Models “Suggest” Final Crop Could Be 0.25-1.25 MMT Above USDA’s Aug Projection.
Summary: In the Aug WASDE, USDA lowered their projection for this year’s Russian wheat yield to 2.7 MT/HA (40.2 Bu/Ac). That’s down 4.3% from the previous projection and down 0.7% from last year’s yield of 2.72 MT/HA (40.46 Bu/Ac). The most recent Russian harvest report shows this year’s yields are a bit HIGER than they were a year ago…
Trump Offers China a 2 Week Reprieve on October 1st Tariffs- China Says Private Firms Back To Checking US Ag Prices; GFS Model Goes Colder Overnight
** AgResource Farm Marketing Advice for Thursday: 1/ Corn Producers: Sell 20% of the 2021 corn crop at $4.26 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. ** 6:30 AM CDT CBOT Prices: November soybeans are up 8.0 cents at $8.7475, Dec corn is up 2.0 cents at $3.62…
