AgResource Farm Marketing Advice for Thursday: 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/ Soybean Producers: Hedge 20% of 2021 soybean production at $9.63 basis November 2021 futures. Although Central US farmers are aggressively harvesting 2019…
Climate Impact Company updates the U.S. winter 2019-20 outlook.
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Summary: Today, Egypt’s GASC purchased 405,000 MT of wheat from Russia, Ukraine, and France (for shipment in Nov 21-Nov 30). On a FOB basis, the average price paid was $213.20/MT. That is up $8.12/MT from last week’s price. The lowest FOB price was French wheat at $210.86/MT, $6.06/MT higher than last week’s offer. The average…
Summary: China’s pork prices are at all-time highs with the price of market hogs up 155% from a year ago. This will accelerate the restructuring of China’s pork industry. It’s been reported that the Top-20 hog-producing companies are leading what the Ag Ministry calls a “transformational upgrade” of the sector. Presently, these firms account for…
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