CBOT Cautious at Midday Waiting for Confirmation of Chinese Demand to Validate Trump Ag Purchase Pledges

** AgResource Farm Marketing Advice for Monday: 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. ** The morning has been mixed with…

Brazil Exported 1.63 MMT of Soybeans Last Week. USDA Leaves Projection Unchanged at 69 MMT.

Summary:   Brazil shipped 1.63 MMT of soybeans last week. That’s up from the previous week’s 988,000 MT and 387,000 MT more than a year ago. Argentina exported 409,000 MT.   US inspections (which will be released tomorrow) are estimated to be around 1.215 MMT.  In the October WASDE, the USDA left their projection for Brazil’s exports…