Fund Liquidation Keeps Hogs Lower: Technical selling/fund liquidation pressured hog futures in late week trade. Weekly pork exports reached a marketing year high of 34,386 MTs, while combined sales for 2019 and 2020 were routine. The chart shows that outstanding 2019 pork export sales are 92% larger than a year ago at 281,263 MTs. Just…
AgResource Farm Marketing Advice for Friday: 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. Â Â 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn sales…
Summary: Next week ’s soybean export inspections are expected to be 1.22 MMT (44.8 Mil Bu).  If this is correct, that would be down 8% from the previous week. This week’s ship lineup is 2.608 MMT. That is up 9% from last week. There were 25 vessels to-be-nominated (TBN). That is down from last week. This past week…
