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…
South American Dryness Concern Relegated to Pockets of Argentine/Brazilian Crop Belt: The South American forecast is favorable. The EU and GFS model maintain a shift to widespread soaking rainfall in Argentina Thurs-Sat. Additional widespread showers are offered to the whole of Argentina’s Corn Belt Nov 24-26. Normal rain persists in Northern Brazilian crop areas, while…
Central US Temps Moderate; Wetter Pattern Resumes Late This Week: The Central US forecast is unchanged from prior runs. The lacks the return of bitterly cold temps into early December. Lite/moderate showers are offered to the Central and Eastern Midwest beginning Wed/Thurs. ARC expects corn harvest to last into early Dec, while further declines in…
The Chicago Federal Reserve released it’s quarterly AgLetter last week. The report is a quarterly update on 7th District (N Il, N IN, IA, and WI) farmland values. Additionally, the report provides updates on current farm credit conditions and is based on a survey of agriculture banks across the district. Compared to the 2nd quarter…
Soybeans Fall on Fund Liquidation: CBOT soybean futures fell sharply to start the week. Markets continue to rise or fall according to the latest China rumor, and today the rumor was negative. Despite the latest China rumor, the export inspection data was positive. Weekly exports of 56 Mil Bu were slightly above expectations. The cumulative…
